DOW Breaks 10,000!

Wait a minute. Hang on. Uh, Never mind.

It's that old deja vu all over again.

So the amazing thing about this is that the media meme of "The Recovery is Here!" has been slowly replaced over the past few months by one of "The Recovery is Here for Some People! But not you! Yet!" Among the "some people" that were supposed be benefitting from this nascent recovery were Corporate America, whose success would lead us all to a great big beautiful tomorrow.

So why is their stock prices so crappy? And why, if we're recovering, is the average below that of what we had at the start of the year?

More later,