The Dow Jones is over 17,000, and many are awaiting the bubble in the markets to pop
- US new home sales disappointed in June
- Tensions in Gaza and Ukraine
Yet:
- 68% of companies reporting 2nd quarter earnings have beaten expectations.
- Facebook blew away expectations with their second quarter results
- US jobless claims last week come in at lowest level since 2006, pre-recession
- Manufacturing in China hits 18 month high
Some signs show world economies are still improving from the lows of 2008, yet some are nervous that equity markets are at unforeseen levels and are bound to correct to the negative.
No wonder economics is a social science, as we still have no answers as to how the economy ticks.
Follow