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  • Preview from Europe: Confused and Confounded [View article]
    But most of the data seems to reflect a slow down in the rate of decline, rather than an actual "improvement". Granted, the rate of decline has to slow before it can actually urn around and become positive, but I'm again reminded of the old joke about the guy who jumps/falls from the top of a 50 story building, and as he passes the 15th floor, thinks "So far, so good".


    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.
    May 30 10:46 am |Rating: +3 0 |Link to Comment
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