Not worse, and yet on the day when the dow tumbled 167 points, the s p plunged. Nasdaq came in at 1. 16 . The only bright spots were the stocks that go up when were about to go into a recession. Now, i dont even think thats a possibility. No. No, no retail sales are too strong, Consumer Confidence too high. Home sales are not bad, car sales are amazingly strong, employment is growing, albeit slowly, but not so slowly that wield think about a recession. Nevertheless, this is a stock thats now marching to the tune of a selloff, not just in the highfliers, but in the industrials, too and those have held up relatively well during last weeks onslaught and wonder if a miracle of miracles, its taking up every stock up, every stock that i associate with a recession. Buy, buy, buy, buy, buy its a headscratcher, people. How is it possible . First, you must never forget that as big as the stock market is, the bond markets even bigger. Right now at this very moment bonds are are being bid up furio
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