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Preview from Europe: Confused and Confounded [View article]
On May 29 04:33 PM thiazole wrote:
> Exactly - 1st quarter data was terrible (even if we are just seeing
> some of that data today) and the 1st quarter stock market matched
> that data. If more people would learn how to use leading indicators
> instead of looking at data from months ago, they'd see that the hard
> 2nd quarter data (like GDP) will show an improvement, which is why
> the stock market is doing better now.
>
> Another thing to consider - people seem to expect the stock market
> to tank every time the news isn't peachy, but the S&P is already
> down well over 40% from the high. Much of the bad news is obviously
> already priced into the market.