If you listen to the financial news too long, you are bound to be confused by the divergent economic news….Over the past few months, there has been a disconnect between reported economic statistics and actual achieved corporate earnings. Recently released national economic news issued by the various government statistic agencies has generally indicated weakening economic growth prospects. In contrast, 2nd quarter corporate profits tell a different story. This disconnect continues to cause investor anxiety and has added significant volatility to the market.
Read the rest of entry »