Signs of a Rally to Nowhere
-- June 5, 2003
You can practically see the bulls sweating on Wall Street, as one piece of bad news follows another. Just look...
This isn't the
news you hear in a recovery. This is the news you hear when the economy is about
to take another dip down into recession. Meanwhile, stocks are running up in
anticipation of an imminent recovery. That's a huge disconnect. And once the
current market mania fades, that disconnect will be corrected in a hurry.
related article: Survey: Economy Faces More Weak Growth