While the global financial world seems to be set for collapse (from local governments - Detroit, MI to Los Angeles - to states, the country, and many other countries throughout the world), the DJIA seems to be oblivious to this FACT. As of today, the market closed at above 12000 http://stockcharts.com/freecharts/hi.../djia2000.html.
How can this be? Surely investors are NOT oblivious to what is going on. Even with the EU crisis heating up this week - I don't see any market corrections.
What do you think is going on?