Warning 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