Quote:
Originally Posted by macker
The bad news has been discounted. The market is forward thinking and moves well in advance of the economy. It is like when something is dark and then one day it turns a slightly greyer dark. I do however think the market is getting a bit ahead of itself here and will correct to reflect this. The market climbs the wall of worry and lately it has been going up two/three steps at a time...
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It certainly is, but I don't see any signs of recovery really. Besides the auto industry, things have started to level off at the bottom, but I don't really see any evidence that the economy is improving.