DJIA Rises above 12,000 This Morning

[MineralMan]

If a rising DOW lifts all ships, then this is good news. Reaching its highest point since 2008, it may indicate optimism, which may lead to increased hiring. I hope so. A rising DOW is also good for all those pension funds that have been in such deep trouble. I call it a good thing, even though it also benefits the multi-national corporations at the same time.

[rfranklin]

1. It is rising on slim volume...as soon as selling starts...

it will sink faster than a lead balloon. The stock market is not the economy and it does not create jobs.

[Statistical]

2. Light volume? 50 million shares traded.

Average daily volume is 200 million and we are at roughly 1/4 daily volume after little more than hour into the trading day.

[MineralMan]

3. Thanks for shining a light on the doom and gloom!

[rfranklin]

4. I was talking about the longer term, not just today...

nd the stock market doesn't create jobs.

[Statistical]

5. No but the stock market crashing certainly doesn't help jobs either.

Jobs are created when demand is increasing. Stock market is rising because demand is rising.

While the two don't move in lockstep you won't find a period where we saw strong job growth and falling markets or vice versa.

[Recursion]

6. The last two years sounds like such a period

It's seen rising securities prices and falling job numbers. I agree there's a limit to how long that's possible (productivity can only go up so far).

[Statistical]

7. Jobs numbers are improving. Not good but certainly not getting worse.