Despite everything, the stock market is back at a record high.Despite everything. That's all you need to know.
The stock market, even taking into account that the Dow is not exactly representative of the market as a whole, has rebounded. Why haven't the rest of us felt the improvement? Well, the answer seems inescapably simple: the market is no longer connected to our collective economic well-being, if it ever was.
If you are still laboring under the mistaken impression that the stock market has diddly to do with your economic fate, this should open your eyes.