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]
