Posted on 06/06/2013 9:07:33 AM PDT by abbyjoseph
While an economic slowdown is looming over the global economy, no one seems to care, as stock markets continue to reach new record-highs—giving investors false hopes of economic growth. But how long can this mirage actually last?
The economic slowdown in the global economy I’m talking about is a worldwide pullback in growth. Take India as the first example. According to India’s Central Statistics Office, the Indian economy is growing at five percent—its slowest pace in a decade! The director general of the Confederation of Indian Industry was quoted late last week as saying, “With no visible pick-up in any key levers of the economy, the situation remains grim.” (Source: Mallet, V., “India records slowest growth in a decade,” Financial Times, May 31, 2013.)
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The only stocks I would be are those that I think would be around in thirty years.
Anyone out there know why the DOW opened today at 9:45 today?
Trepidation?
I don’t know of anyone who truly thinks the stock market reflects the real economy anymore. The Fed’s perpetual accomodation is well known and is generally believed it will continue regardless of any ‘tapering off’ talk by Fed officals and/or financial media.
Many also believe the markeet is a rigged game anyway. But since savings rates are almost zero this is where the money is going.
The market is a reflection of how corrupt an entity can get. It is false and cannot be a reflection of our real economy. We are failing.
A Mirage Called the Stock Market
Berny Madoff winks
How will the media spin the crash after they crowed over the “15,000” new high?
3 days of doom in Dow since the Japanese started panicking over the end of QE-pumping.
I agree with your statements. Outside markets, like Japan,know the score, but Wall Street is under some presumption of permanent plateau.
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