Where's This Big Ass Economic Boom?
The stock market dived to around the 6500 level just a little under a year ago. This was predicated on the banking "crisis." It was probably priced close to fair value at that point. The move from 6500 to 10,500 was huge. You do the percentage math if you have to. If I had a dollar for every equity investor, broker, and analyst that said, "the stock market predicts economic activity six months in advance" I could pay off the national debt. Ok, so all you boys and girls can read the same book. Good. So, tell me, where is this big ass economic boom? The big market rally has been on since March yet that was nearly nine months ago... The answer is, it is a lie. A myth. And it always was. With the dollar cratering and diluted, with GDP numbers crashing and being manipulated by 8000 dollar housing subsidies, free school money, and "cash for clunkers", there was no real economic pickup. No GDP growth. Politicians trying to manipulate and create an illusion. Guess...