But the stock market has stopped its meteoric rise because the first signs of the end of American boom have appeared. The traditional capitalist cycle goes like this. First after the slump, labour is plentiful and cheap. Many capitalist competitors have been liquidated, so those capitalists left can earn quick profits. That reignites growth.
Interest rates are low so capitalists start to borrow to invest.
Now the boom really gets under way. Then profitability starts to drop. Inflation picks up and with it interest rates. Capitalists are over-extended. They start to cut back on investment.