[quote=XBoxBoy]
Stock prices instead are based on what traders think other traders will pay for the stock in the near future.
XBoxBoy[/quote]
Just replace “stock” with “house” and you will see that this represents the reason we just had a housing bubble.
I’m not wishing for the stock market to tumble, I just don’t see what is supposed to be so rosy out there just yet. If we were going green,building/buying smaller cars,converting from gas to diesel,investing in solar, or producing more as a nation I would be more optimistic.
