Dow is up: Happy days here again?

Economist John Kenneth Galbraith once observed that there are two kinds of market forecasters, those who don't know and those who don't know they don't know. That is well illustrated by the current disconnect between Wall Street and Main Street, as the market's leading indicator, the Dow Jones Industrial Average, continues to surge forward while the overall outlook for the U.S. economy appears mixed at best.

March 6, 2013