DO you SEE the realtionship of falling confidence and stock market? in 1999- 2000 and again leading into 2007 and I can say these are leading indicators.In 2003 it began to improve, so did economy and stocks (albeit bubble) so when you look at current levels on this chart.....and compare to the rally that began in 2009....there is no longer a correlation.
Same could be said for treasury yields. MANY think stock market is and can be continuously inflated....irregardless of fundamentals.
D
No comments:
Post a Comment