The bank stress test, do you believe it?
We have been scratching our heads wondering why the market (in this case the S&P) has moved so high for little or no reason. The economy still appears to be very much on the defensive with unemployment rising and the business environment still on a slippery slope.
This video before the bank stress test was announced and we suspect that all of the bank stress test leaks have already being discounted by the market.
This new video is a follow-up from the MarketClub April 14th video. If you have a few minutes, please take the time to view it. I think you will find it interesting that the observations may conflict with current market trend.
With the Obama honeymoon coming to an end, we are going to see how the markets move without government influence. There has never been a government that was able to dodge a major business cycle… and this one sure is a doozy.
The videos are available with the compliments of the MarketClub. There is not registration required.