Economy Struggles, Stock Market Nears All-Time High
CBS Money Watch - 07/18/2011
The job market is lousy; the housing market is stuck in neutral; the European debt crisis is far from over; congressional leaders still haven’t come to a deal about the debt ceiling; and crude oil is once again hovering at $100 per barrel. Yet investors seem to be ignoring the grim news, as US stocks close in on all-time highs. What gives? Jack Otter and I thrashed it out in under three minutes!