San Diego Housing Market News and Analysis
What's Up with the Stock Market?
User Forum Topic
Submitted by powayseller on September 30, 2006 - 7:05pm
Here we are at the brink of recession, the housing market posted its first year over year nationwide decline since 1995, our fiscal and trade deficit is at record highs, and the stock market is going gangbusters.
I still don't believe the market is efficient. If it were, homebuilder stocks would be going DOWN, not UP, and the stock market would be pricing in the upcoming downturn, instead of the false hope that the economy will be revived due to Fed rate cuts and falling gas prices.
I have already priced in the downturn, but I guess I was too early. Perhaps the stock market is so efficient, that it can price in the future of the economy with just a few weeks' lag.
Anyway, I'm just wondering why the stock market is going up?
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