Jobs, the Stock Market, and (Almost) Everything, Explained

Posted by Paul Vigna - Wall Street Journal

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This week has presented observers with something of a conundrum, two conundrums, really: a purportedly improving labor market, contrasted with an economy that is hardly growing.

At the same time, corporate profit and revenue growth are stagnant, yet the major indexes continue to crest to all-time highs.

The first conundrum isn’t hard to untangle. The second one isn’t, either – if you understand the peculiar, pretzel logic that rules the Street.

….HERE for the explanation

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