It's a better indicator of future economic growth. The stock market tends to look ahead about 18 months. So if it's going down now, you might be worried about a recession in the next year or two, because that could happen. As long as it's going up, you can take comfort in the fact that things are going to improve soon.
People don't always do well when the stock market is high.
Environmental quality, peace, and justice are all considered economic values by most people. In this case, you might not think that the rise in corporate profits is a sign of a healthy economy. Companies are doing more damage to the environment, supplying arms for big wars, and supporting injustice.
