May 27, 2008

Todd Salamone on the Time cover "Surviving the Lean Economy"

And while we are on the subject of the economy, there was yet another cover story this week about it weakening. The May 26 issue of Time hit the newsstands last week with a cover titled, "Surviving the Lean Economy." As we've emphasized, low expectations for the economy hold the key to the stock market decoupling from poor economic data, as the market is in a position to rally on poor data that is not as bad as expected.

~ Todd Salamone, "Watching the CBOE Market Volatility Index for a Direction," Schaeffer's Monday Morning Outlook, May 27, 2008

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