Things Are Lookin’ Up: Stock Market Hits All-Time High

Last month, on May 5th, the stock market hit an all-time high. Most retailers reported April and first quarter sales exceeding that of the prior year, and in a couple cases, flirting with records. Wal-Mart and Costco, historically negatively affected by high prices at the gas pump, had exceptionally strong April sales. Unemploymentat 4.7%, effectively 1.7% after deducting the permanent unemployed number.

In a one hour newscast on CNN monitored this day, all this news, combined, got six minutes!

The news of high gas prices alone got fourteen minutes.

On the day you read this, the specific statistics may be as good, up or a bit down, but overall, the American economy appears strong.

The stock market numbers are of direct importance to a majority of Americans, as, today, more are investors than ever before in history, directly as well as through 401(K) plans and other pension plans, IRA’s, college funding plans, etc.