Actually, the market frequently follows the economy, particularly at turning points. It just doesn't do so for long periods of time because people have a herd mentality. If things are good, you pile on (bulls) and if they're bad, you jump (bears).
I agree that the market is getting ready to pop, though. Alot of charts getting hard to read, and with good news out there, people are just being very cautious.
So, it's just a matter of time.
As for AG, his comments were fine, and all positive. Problem is we still have a bear market hangover, so there's no such thing as "good" news....until the new bull shows up. Then there will be no "bad" news. |
