Dow just hit a 8 month high.

[Grieve]

You have to remember that a few months ago the stock market was priced for pretty much the collapse of the financial system, if not civilization itself. While that's not impossible now, it's clearly far, far less likely than it was. And while earnings may not return to last year's values any time soon, stocks were priced as if company's would no have earnings. So it's not so strange that the market would go up with armageddon is no longer priced in.

Anyway, there are plenty of companies that are making a packet despite the recession. Apple just posted their best-ever non-holiday quarter ever. In this evironment? And purely organically, without any aquisitions to jack up the numbers? If that isn't a sign of quality I don't know what is.