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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (2938)7/23/2002 10:15:01 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
Bloomberg: USdollar and S&P500 are 93% correlated recently

contrast of CNBC and Bloomberg is stark &revealing, an issue

this morning I awoke, and while prettying myself, watched the news

CNBC had some Value Line guy on who was lamenting the mystery behind the DISCONNECT between the improving economy and the stock market
perhaps he reads govt statistics and economic reports too much

Bloomberg had a quick little report outlining the 93% correlation between S&P index and USdollar index since April


much of what is on CNBC is seriously lacking competence in statistical research, and far too loaded with cheerleading and salesmanship bullshit
/ jim