Record Highs, Crash Cries

The Dow Jones hit 13,036 yesterday, the highest level ever. Although it did not close above 13,000 this is still significant news, but yet you won't hear much on it.

Just yesterday on this side of the border we hear the grunts of the bears. Alberta is projecting lower oil revenues and GDP growth at only 4.1 percent for 2007, 2.9 percent below last years figures.
Reduced drilling activity, smaller capital spending budgets by oil companies, and less consumer spending is to blame. **The Star Phoenix April 24th edition article, "Alberta Economy to Weaken..."

Since when was 4.1 percent GDP growth a cause for concern? Saskatchewan has been growing at roughly 3.5 percent over the last several years, yet some will say, "we can be more."

From a social point of view, it is scary to think that 13,000 on the dow, record highs on the TSX, and red-hot economies are still not good enough. Where should we be?