- The Dow sped toward a weekly gain of more than (points.)
- A key U.S. housing market metric surged to its highest level since before the financial crisis.
- Recession hawks say the “next housing market crash” won’t involve mortgages at all.
The Dow capped a spectacular week with a final bounce on Friday, as U.S. homebuilding activity surged to its highest level since the housing market crash.
With Wall Street sentiment succumbing to “extreme greed” and more tax cuts potentially on the way, investors don’t appear worried that thegrowing asset bubbleis going to pop anytime soon.
Dow Burns Brighter as Stock Market Revels in ‘Extreme Greed’
The U.S. stock market raced to fresh all-time highs this week.
The Dow Jones Industrial Average rose in four of five sessions for a net gain of more than 591 points. The index now sits within striking distance of the historic 43, 06 milestone.