Thursday, August 12, 2004

What do they know that we don't?

All three major 5-year indices, the Dow Industrials, Nasdaq (mostly high-tech companies) and S&P 500 (the broadest index) show the end of the "recovery" and a downward U-turn, and this in spite of record profits for many of the major corporations. Obviously the body of investors in American corporations sense something in the economy that bodes ill for business.

I wonder why we don't have reports of this consistent phenomenon. Could it be that the entities that control the news are buddy-buddy with, indeed are part of, the companies whose stock makes up these indices?

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