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[gdl]

Pensions, 401k, IRA, investments in mutual funds, home prices.

These all benefited from the stock market. lets not forget jobs. In a bad market companies fire.

The data on home sales, prices, comfort level, lending, borrowing have all gone up. There is no sign of a housing bubble since the requirements to own are the highest it's been in decades.

Watch the 10 year bond yield for proof that we are recovering.
I suspect it will go higher still. I find 2.6 percent marginally helpful for the economy. Anything higher and we will see a strain on debt payments. We are riding a fine line. I hope we keep getting muddled economic data. the longer the economy takes to recover the better off we are. the Fed needs lots of time to allow the debt to be absorbed.