Economic data continue to indicate US is by now means bottoming despite a roaring stock market. Yes, it is said the market anticipates events 6 months out. Well, yes and no. It depends. Frankly no one can really tell from what the market is doing. Otherwise, we would not have had such a surprise "party" waiting for us last year when the market just collapsed surprising everyone.
Consumers are down and out. Of course, many are in negative equity position from declined values of their own homes.
Read here.
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