"How the fukc can so many people think the economy is recovering and the worst is over?"
This is how....they've been sticking this stuff in newspapers:
An ’80s trend worth embracing
July 23, 2009, 6:48 AM /
Aflashback to the 1980s wouldn't be scary at all, at least for investors.
The performance of the S&P 500 index since its March 9, 2009, bottom looks eerily similar to what happened in the four months after the Aug. 12, 1982, bull market began. During the next decade, stocks quadrupled and with the exception of a couple of notable periods climbed higher until the fall of 2007, when the greatest bull market in history crashed.
The S&P 500, which is considered a broad measure of the stock market, is now up 41 percent since March 9 and is at its highest level since the first week of November. The similarities between the early 1982 bull market and now suggests “this is not a false rally,” S&P chief investment strategist Sam Stovall says.
Like 1982, the economy was working out of a deep recession. This time, the lingering effects of a banking and real estate meltdown could make things dicey for investors.
buffalonews.com |
