Thursday, December 17, 2009

Improving Economic Data

The leading indicators and Philly Fed number both came in above expectations.  I am seeing articles touting the positive economic data as a reason for a further rally in the markets.  Well, isn't that why we rallied 65%?  Unless we are going to get another boom cycle like in 2003-2007, most of the money has been made.  The improving economic data helps to explain the low number of bears in both AAII and II sentiment surveys.  Do not confuse the economy with the stock market.  They don't always run together.

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