Originally Posted by
Zapata
I'm no financial wizard but, you're incorrect. The stock market is too reactionary to be an indicator of what is ahead. It is more of an indicator of what has happened. The bond market is a much better indicator of what is ahead.
Have to disagree with you. The stock market is an indicator of future economic conditions. Market traders do not care about what has happened, they care about what might happen. The market is and has always been forward looking. Any basic college finance textbook will say that.