"the real economy is always 6 - 12 months behind the stock market"
I keep hearing that but a few times now I have seen poor figures announced which are actually better than analysts expectations yet the market has dropped. The truth is the market is full of bandwagoners who haven't even bothered to understand forecast information.
During one of Obama's speeches they emphasised that during the 90's recession the unemployment rates kept on increasing for 19 months after the recession was over. Just watch what happens in the US when the unemployment rates start to exceed the govts optimistic forecasts without any signs of abating.
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Last
8,576.0 |
Change
-4.100(0.05%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |