The market can't gradually rise, silly wabbit. Stocks are for rich kids.
If job growth continues gradually on an upward trajectory, the stock market won't fluctuate, it'll just gradually rise. Oh, how insufferably boring.
How are rich people supposed to make money off your mutual funds and other assorted equity if the market doesn't continue to seesaw?
The wealthy simply got tired of a stable Dow floating around 12,000. That's not the way to finance that 2nd personal jet.
The market has to fluctuate. You know the drill. Buy low, sell high.
Why would today's super elite big box business owners hire people in this economy if that means they can't play the stock market?
Where's the bubble? How can you make money off the rubes who didn't get out of the market in time for the dip if there's no bubble?
Of course they couldn't hire more employees to meet demand (ask anyone working whether they've seen their kids in the last month). That would only feed the problem: stability.
The wealthy need repeated cycles of pain and suffering to continue their parasitic existence. Do Americans have the dignity to stand up as one union and stop them?