Does the stock market accurately reflect the current or near future economic environment?Since early 90's this was in uptrend.....in late 2002 you can see how this LIFTED our economy (bubble as it was)
THEN LOOK AT HISTORIC PLUMMET!! and THIS IS RECOVERY? OMG....Bank lending is contracting.....consumer confidence flagging below the depths of 2002 lows! and Housing does not have a pulse.....how so friends a stock market V shaped rocket shot?
Backed up by NO fundamentals is why when the rally ENDS it really ends badly
or we need a miracle...hey but Bonefish was crowded last night!
D
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