I found this a well-written piece on how market technitions view the economy versus people working from 9-to-5.
For months now, there's been considerable debate about whether the U.S. economy is on the road to recovery.
Bulls point to the massive monetary and fiscal stimulus that's been pumped into the economy, the sharp rebound in share prices, and the relative improvement in certain indicators as a reason for optimism.
Bears -- like me -- note the persistent negative sentiment on Main Street and in many corporate boardrooms, the steady increase in foreclosures, personal bankruptcies, and the ranks of the long-term unemployed, and the numerous imbalances -- including still-very-high levels of public and private debt -- that remain unresolved.
So who's right?
Read the rest.
I think the stock market looks forward while people tend to reflect on the past an project that same pattern forward.