Why is the Dow Jones Index so high with the economy down?
Submitted by Blue Chip Stocks Blog
Written by Michael Vass
For those that may have read my prior posts on crude oil prices (Revising my prediction on a higher oil price, since I was right) the fact that oil has now crossed $123 per barrel is only surprising in the fact that it has happened so early in the year. The factors that are push oil higher have yet to change and now include the inflationary actions of the Fed in cutting rates so long after the economy has slowed.
But in looking at the wider impact one of the first places to observe is the Dow Jones Industrial Index. And looking at that provides a big question. Why is the Dow reacting so well?…
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