Mass confusion

The only way I can think of describing the economy right now is "mass confusion".  I think some people are very confused in believing that the economy is improving.  These are the hopeless optimists among us who see silver linings where there is only dark clouds.  Those dark clouds are the continued high rate of unemployment, a housing market that is remains in the tank, and federal spending that is out of control.  The market has done very well in the past two weeks ignoring the reality of economic calamity that awaits just around the corner.  Stocks are way over bought right now.

Leave a Reply

Your email address will not be published.