2009
08.14

Its like the last waltz – to -ing and fro-ing working out where you and your partners feet are – and are you a classic dancer or all over the place.

The Stock Market is booming once more but is this a true reflection of the REAL economy. It is a known fact that the stock market is a lead indicator of the economy – but the disconnect is vast at this moment .

Maybe we are like Gene Kelly and just singing in the rain in the vain hope and expectation that the economy will improve. Caution is required – it will get worse before it gets better. The stock market HAS to be overvalued at the current levels as it simply does not match the views from the “coalface” from talking to many finance people

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