By Jody Chudley There is no question that the economy is in a far worse place today than it was a year ago. The numbers we are seeing are beyond belief…
Gross domestic product estimates from analysts for the second quarter range from horrifying (down 20%) to catastrophic (down 40%). Oil is selling for less than $10 per barrel.
Unemployment is projected to hit 32%, which is worse than it was at the peak of the Great Depression.
It really is terrifying economic data.
But against the economic nightmare that the country is now facing, amazingly, the S&P 500 Index hasn’t dropped over the past year. Instead, …read more
