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I can understand peoples irrational exuberance in some situations, but what in the world has people driving up stock prices? I just can't fathom it.

Is it because companies are trimming their work forces, and folks are betting that the reductions in payroll will be sufficient to maintain profits? Is it because people can feel the bottom of the market firmly? Is it just Vegas night gambling (isn't it always...)?

Other than some Ford stock I bought earlier this year, I have not jumped back in. I don't understand why others seem to think we are out of the woods. Enlighten me.

.....And on a related note, what is going to happen to the construction industry when no one builds a new office building for 5-8 years because of we are so insanely over built at the moment?