As reported by Zero Hedge, retail sales were lower than expected and consumer confidence plunged. He quotes Sealed Air’s CEO, “we are in the fourth year of the recovery and it doesn’t feel like a recovery. Because it’s the first time ever that things, four years within a recovery, are feeling so iffy.”
With that back drop, what happens? People buy stocks.
Nothing makes sense in this economy right now. Foretells of problems in the future I believe. The only question is when.
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