A diary of the thought process behind my investment decisions
Make No Mistake
In the past couple of days Nucor and Fedex have said that business is slowing. While the CEO of Time Warner Cable has said that business is slow as well. The economy is so bad that it is effecting cable subscriptions. What would Homer Simpson say? Make no mistake about it, the economy is weak. However, the economy and the stock market are not the same thing. I still expect a marginal new high above 1130 on the S&P 500 even if we pull back first.