by Avi Gilburt
The title to this update is likely the most repeated phrase you have heard over the last month from market participants and analysts alike. As more and more bad economic news is presented through the media, somehow, the market just keeps grinding higher.
I think this picture taken from one of Jim Cramer’s shows expresses the disconnect best:
[…] Doesn’t the market understand what everyone else clearly “knows:” we are heading into the next Great Depression?