Does the recent action in the stock market get you more positive on the future of the US economy?
（We are up about 50 pct from the lows in March. Stock market is a leading economic indicator. Isn’t it possible that things are stabilizing and might be on the path to getting better?）
Answer ：
no. the stock market is not an accurate representation of the economy’s condition, as a whole.
“Isn’t it possible that things are stabilizing and might be on the path to getting better?”
it is POSSIBLE. but realize that while the stock markets are up, so is the unemployment rate, credit card default, mortgage defaults, bankruptcies, foreclosures, repossessions, inflation, and the national deficit.
Posted: July 28th, 2010 under US Stock Market.
Tags: Stock market, US economy