Quote:
Originally Posted by sterlingice
I know, I know - it's the corporate debt buyback and bailouts for companies, especially large ones, while the smaller ones get roasted.
It just seems odd as we have long equated the stock market with the economy - like batting average in baseball - not a perfect predictor and there are better stats - but there's some positive constellation.
SI
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I think the consensus is the stock market is "a leading indicator" of the economy.
I am worried there is some "irrational exuberance" going on because although I do see economy picking up and unemployment going down from the March-April shock, surely there is no reason to believe we should be at the near-high again.