Forbes Finance Council - Why It's Time To Toss Out Any Earlier Stock Market Forecasts
Many investors are scratching their heads trying to figure out how the stock market can rise during the biggest economic contraction on record. Second quarter real GDP declined by 31.4%, the worst ever - even worse than any period during the Great Depression. Yet the stock market has gone up in recent months. As of Oct. 26, the Nasdaq Composite was up 27% for the year and had recorded many all-time new highs