Is our economy really that good?
Posted by xzhang on July 31, 2009
The stock market went up sharply recently. Lots of people, Â especially my friends are all talking about it and thinking about putting new money in. Â For me, I just don’t believe the recovery will happen in such a rapid way.
Yes, some companies do have good earnings. Lots of them report earnings with dropped revenue and profit however exceeded expectations, people liked it and price went up. Come on, that is not the whole story.
