I have now realized that more and more the stock markets (NYSE, NASDAQ, London Stock Exchange) are less and less indicative of the true and real health of the economy. The stock markets have always been driven in great measure by psychology and too often less by the actual performance of companies whose shares are being valued.
One emerging feature of the “new normality” may be that there is an increasing disconnect between the equities markets and the true state of the ecomony.
Possibly a very wide disconnect, that may further bolster the CEOs and managing directors of business Taking greater control of their businesses and less control and influence that the investment bankers and their analysts may have over them.
We must be mindful of this becoming an emerging trend.