logo
  Join        Login             Stock Quote

Market Focuses On Greece While Ignoring Economy!

 September 20, 2011 11:14 AM
 


The U.S. market continues to rise and fall on a daily and weekly basis supposedly on the rise and fall of concerns about whether Greece will default on its debt or not.

Meanwhile it ignores the clear signs that the U.S. economy, already close to recession in the first half, continued to slow in the 3rd quarter, which ends in less than two weeks.

Is that because it knows the U.S. Fed can't control the European debt crisis, so worries about it, but is confident the Fed can and will rescue the U.S. economy and stock market? It did last year, didn't it. Mmmmmh. But it didn't manage to prevent the 2000-2002 or 2007-2009 bear markets, did it.

But that was then, and this is now.

[Related -Will Housing Recovery Be Next To Stumble?]

So we probably shouldn't worry that outside of the U.S. most global markets, including 10 of the world's 12 largest economies, are already in bear markets.

Or that the economic outlook just can't catch a break from the dismal economic reports.

Yesterday it was that the Housing Market Index, which measures the confidence of home-builders, fell to 14 in September from the already terrible 15 in August. A reading of 14 indicates that only 14% of builders are positive about the housing industry going forward. The index has been between 13 (an all-time record low) and 16 for the last six months. 

[Related -Did Your Market Come Back?]

This morning's report was that New Home Starts in the U.S. fell 5.0% in August, and previously reported starts in July were revised down. As I said here a few days ago, I thought that at least the reports on housing would be able to show a little bounce off such depressed levels. But not so far anyway.


Next Page >>123
iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article image3 US Updates Show Ongoing Growth

Three economic updates today provide more evidence that moderate growth endures for the US. The numbers du read on...

article imageBuy These Solar Stocks Before They Snapback

Sometimes the market hands you a gift. And it would be foolish not to take it. Thanks to general market read on...

article imageInvestors Are Even More Euphoric And Confident.

As noted on the blog last Thursday, even though the market had been down for three straight weeks, last read on...

article imageThe Butterfly Machine

There’s a phenomenon called the Butterfly Effect. One common quotation is “It has been said that something read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

4 Stocks Raising Dividends And Expectations
More Articles on: Finance , Europe



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.