Quote:
Originally posted by gldstwmn
It's not.
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Every credible idicator used to measure the health of the economy indicates the economy is recovering. I agree, the U.S. is not at the 1999 levels, but the U.S. lost over a third of its net worth with the collapse of the comp. industry and the failures and total bankruptcies due to corp. fraud. I mean MCI and Enron alone cost this country well a loss of well over a trillion dollars alone not to mention the meltdown of the spec. money in silicone valley and elsewhere. In sum, it will be very hard to get to pre-1999-2000 figures just playing by the rules of smart investing because that economy was not made up on those rules, although the DOW is at 10,700, which is stellar for an economy that is not recovering
