Originally Posted by Future Mayor
I think as things begin to business continues to grow on Main that it will get a lot more focus on here.
I have noticed a considerable uptick in pedestrian traffic along Main St. as well as South Temple. I think it will develop nicely in the coming years!
Originally Posted by Wasatch_One
I think this may be a bit misleading given that the Nasdaq is a market capitalization weighted index and Apple is over a half trillion
dollar company and up over 50% YTD. I think this statistic shows that Apple is doing well at least
It is true that the best index to gauge the overall economy would be the S&P because it is broader based. It is also true that the Nasdaq and Dow may more reflect corporate earnings than overall domestic economic strength, but the S&P usually follows the economy pretty well. Even so, gains were pretty broadly spread across the index. If you look at the best 5 performers vs the worst 5 performers, you`ll see that the best increased triple the rate that the bottom 5 lagged:
+112% - Sears
+70% - Bank Of America
+65% - Netflix
+60% - Whirlpool
+53% - Salesforce
Top 5 average: +72%
-27% - Alpha Natural
-27% - Supervalu
-26% - First Solar
-20% - Electronic Arts
-21% - Cabot
Bottom 5 average: -24%
Apple is doing good, but not exactly to the point of significantly skewing the index. Apple rose about 45% over the quarter, which still puts itl bellow the top 5 performing stocks.
I think it is now very clear that the economic recovery is finally throttling forward at a healthy pace - housing starts increased substantially this year as people take advantage of low rates, employment gains are solid across all industries except for government, initial jobless claims are at 4-year lows, wages are rising, stocks are soaring (which means people`s retirement savings and investment portfolios are up), manufacturing is up significantly, exports hit $1.5 trillion this year (making the U.S. the 2nd largest exporter in the world), consumer spending is at 8 month highs, consumer sentiment is up 35% since recession lows, and on and on. We are only about half way out of the hole, but it appears that data is now indicating that we should fully recover from the effects of the Great Recession over the next couple of years. I think it is becoming increasingly difficult to be pessimistic about the economy.