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To: goldendays
No. It's because at this point in history the real economy in the U.S. is "nothing" -- i.e., is largely irrelevant -- to the factors that drive the U.S. stock market.

Almost all corporations that showed good earnings last quarter -- and which, therefore, made the DJIA rise -- showed good earnings on overseas sales and operations.

If Caterpillar's plant and sales is going gangbusters in China, what happens in the U.S. real economy is not relevant to how much money Caterpillar makes and what it's stock goes for.

42 posted on 08/03/2010 12:22:55 PM PDT by fightinJAG (Obama: "I will gladly pay you on Tuesday for a hamburger today.")
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To: fightinJAG

Caterpillar’s has to sign contract to give 51% to China.


45 posted on 08/03/2010 12:29:53 PM PDT by goldendays
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