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Old 2nd November 2006, 06:58 PM
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Re: What's the matter with America?

Quote:
Originally Posted by touchring
Dow Jones breaking records, while all other indicators like buying, manufacturer, etc, going downhill.

What's going on? Can't feel it in Singapore as it's currently very bullish, everything going up - at least if we believe the propaganda.
If you knew anything about Stockmarkets, you would know that they do not reflect current news. Stockmarkets are leading indicators, that generally look a year or two ahead. Not that they always get it right. They are anticipating that current weakness will lead to lower interest rates and a lower exchange rates that will ultimately be better for Corporate America.
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