US Markets disconnected from Economy

NEWS FLASH!!!

US Corporations profit from global growth, payout a few wealthy Americans and stiff Joe out of a job.

That should be the headline for this quarters earnings season as most companies are beating earnings expectations despite poor domestic economic growth. What this truly means that there is a disconnect between the DOW and the US economy as a whole and sets the stage for further short term recovery in the markets.

The bulls are touting earnings saying too good to miss.. The bears are touting poor economic data.

Earnings vs. Economic data... Let's put them in a cage and see who wins. A fight o the death! Hmmmm... My conclusion... earnings will propel you and give you momentum like an octane boast in your car, but economic data will always win out as everyone sees you just driving in Pinto in the end!

If corporations were smart, they would be taking those global profits and reinvesting at home not hiking dividends and buying back stock to support their share price in weakening economic conditions that the current philosophy is contributing to in a major way.