Quote:
Originally Posted by bitatasg
Seneca is right.
Well, let's see then...
February 2020, major indices were at or near all-time highs. Greatest economy ever and all!
Then corona hit, markets crashed, economy (as measured by GDP contraction) recessed.
Markets climbed, economy recessed more.
Markets kept climbing, economy depressed.
Markets kept climbing, economy still depressed.
So here we are now, indices are near or above all time highs! GDP growth and employment are at historic lows.
What I am gleaning from your statement of fact is the economy is in the exact or better condition than it was in February.
The market (especially post-GFC) has very little correlation to to the real-time, near-term "economy."