Dow closes above 16000, but some economists are worried

williams11-150x150Christian Science Monitor
Mark Williams, School of Management

It’s been a year of records for the Dow Jones Industrial Average, and for the first time in history, it closed above 16000 points on Thursday…

Expert quote:

“The historic high stock market is an asset bubble fueled by Fed easy-money policy and not supported by economic fundamentals. Historically, stock markets are driven by strong corporate earnings and economic growth. However, this stock market is being propelled by Fed easy-money policy and corporate stock buybacks.”

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