CNN reports, “Stocks rally to 4-month highs after economists report recession ended in June 2009.” Three comments:
- Are you surprised to learn the recession ended 15 months ago?
- The recession ended before almost any of the Obama stimulus money had been spent, so that’s not what ended the recession.
- Really? People bought stocks after learning a recession ended 15 months ago? As in previous instances, I’m not convinced reporters do a good job of analyzing stock market cause and effects.