Monday, March 5, 2012

A Wall Street Analyst Spots the Manipulated Booming Economy

CNBC reports:
Well-known stock commentator Laszlo Birinyi sees more than a rising stock market. The market bull told CNBC Monday he sees signs of a U.S. economy that may be doing far better than others expect.

"This year the bet is GDP   of 2 percent to 2.5 percent," he said. "When I look at the market I see stocks like Cummings and], Microsoft], General Motors] up 20, 30 and 40 percent. That makes me question, maybe the market’s saying something about a good economy.

"I just wonder if we’re prepared for a 3 percent to 4 percent GDP? If it does [reach that level]  I think we can again have a mirror of 1995 where the market surprised everybody on the upside.

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