I caught this headline a little earlier today...
Stocks rally as job growth surprises Wall StreetWhether such a "rally" holds is still to be seen, but in reinforced something I've noticed and posted about before. The gnomes of the business world are no more aware of what is going on than anyone else. One day stocks will jump because of a bit of news. The next day they drop because another bit of news. Sometimes they are "surprised" by better than expected news or by worse than expected news or simply by news that they figured would happen. if it's good- up goes the Dow. If it's bad- sorry- you lose money.
Yet, from my simple position watching headlines from the economic sector (Fortune 500 profits, etc.) I am not surprised. The problem seems to me to be that the news media- and the Opposition Party- have an investment in keeping the news "bad" or "poor" in order to keep our attention. Every time I hear a positive economic report, the reporter/anchor will add- "Yes, but things are still bad."
Even in bad economies, someone will continue to make money.
It's just usually not the average person on the street.