why should the market be rational? Eugene Coyle wrote:
> The stock market liked it last week when, although retail sales were > sort of weak, when car sales were taken out of the figure,things looked > pretty good. > > It occurs to me that cars are actually made in the USA (mostly), where > as most everything else isn't. So even if retail sales hold up for > other stuff, if car sales sag, a real drop in jobs will take place. So > retail sales can stay up while the GDP goes down. > > Does this make sense? > > Gene -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
