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S&P 500 Rising at Five Times GDP Shows Recovery Priced In
[at Bloomberg] - For almost six years, one of the most powerful bull markets on record has coexisted with the weakest economic recovery since World War II. This month’s selloff in stocks shows how much investors want that to change. In the latest fit of nerves, market volatility soared to a three-year high and the Standard & Poor’s 500 Index dropped as much as 9.8 percent in the 26 days ending Oct. 15. Everything from Ebola to Europe and the Federal Reserve were blamed for the retreat, the fourth to exceed 3 percent this year. Another explanation is that investors are finding their patience taxed after waiting five years for economic growth to catch up with the market.
http://us.rd.yahoo.com/finance/exte...-gdp-shows-recovery-priced-in.html?cmpid=yhoo
[at Bloomberg] - For almost six years, one of the most powerful bull markets on record has coexisted with the weakest economic recovery since World War II. This month’s selloff in stocks shows how much investors want that to change. In the latest fit of nerves, market volatility soared to a three-year high and the Standard & Poor’s 500 Index dropped as much as 9.8 percent in the 26 days ending Oct. 15. Everything from Ebola to Europe and the Federal Reserve were blamed for the retreat, the fourth to exceed 3 percent this year. Another explanation is that investors are finding their patience taxed after waiting five years for economic growth to catch up with the market.
http://us.rd.yahoo.com/finance/exte...-gdp-shows-recovery-priced-in.html?cmpid=yhoo
