A hat tip to the Immobilienblasen blog for the cartoon and observations:
“So this remains the Houdini rally — no jobs; no pricing power; no broad participation; and no volume.”
Coventry League
An M&A and Strategic Finance Advisor
Coventry League
An M&A and Strategic Finance Advisor
Simply put, many consumers just aren’t buying the notion that the economy is getting better. For many, the stock market rally does not make their daily lives any easier. Consumers are more interested in the job market improving than the Dow or S&P 500 hitting highs.
From today’ headlines “So far, the market’s comeback is almost entirely due to buying by professional investors at hedge funds, pension funds, banks and other institutions.”