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The Market
Watched Liz Klaman on CNBC give us more bad news that J.P.Morgan's economist said our economy is looking at a possible 40% decline. I could site numerous bad news reports in the last month on CNBC, and in every one the market has risen.
I mentioned back on 3/30 that my own indicators said the market was reversing, #1776 and again in #1858 that all indicators are green. The market leads the economy by 6-9 months. In other words the economy is a trailing or lagging indicator of the stock market. This market with all the bad news on the economy is a screaming BUY right now. Hopefully everyone has kept some powder dry.
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