Is it a harbinger?

During my more than half-a-century with WSB-Television, the years spent covering business news were the most educational.   It gave me a chance to learn from the experts.   One of the things that made a lasting impression on me is the stock market as a predictor of things to come.   I learned that there is usually a six-month lag between the market and the economy.   If that theory proves true this time, the economy will continue its recovery.   Both the Dow Industrials and NASDAQ  are on the rise.  That means that large number of investors are literally betting that businesses  on the exchanges will do well and be worth more than the current values…perhaps much more.

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