Markets Drive wealth with drive the economy, and everything looks fantastic at the top economic wise, since economic statistics are backward looking... I look at change in growth... Existing home sales are declining, and new home sales are increasing... New home sales do spur more economic growth than existing.... Car Sales continue to be strong with no massive discounting on prices yet... Earnings are still strong and growing... Looking for signs that we could be running out of steam, and I don't see it.
Flip side is that all sectors of the economy run out of steam at the same time, and banks become to leveraged and everything goes down at once....
