Page 14 - Steve Mike News Today : Breaking News, Live Updates & Top Stories | Vimarsana

were on it and confidence had started to fall and the stock market took until october to realize. consumers have it right. cheap prices and money is raising stock prices but making consumirs poor. steve, these are the data points. retail sales are lowest in nibe months and consumer confidence is down. who has it right? the market hit for the 14th time it hit a record. the market has it right. you can have a good market in a economy. it is not good. company corporate earnings are up and they haven t paid it out in dividends and you have a peculliar situation. dividends are higher than bond yield and so the market is not a bull market only because of the dollars going down in value. you can have both. but in real terms the market is also punked. you wonder if the blue sky crowd is too much in control. companies like the gap, you know, banana republic all saying, we are not seeing the retailers. some in government said we had a bad winter or easter break. who has it right

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