Reply #50: Yea rally, the corporate sector has been ensconced into the ............ [View All]

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Government like never before. They have had a ever increasing ability to legally steal just about anything they can get their eyes on, including the oil well heads in Iraq. Seems to me they should really be whooping it up just about now. Given all the circumstances that has been put in the large corporate business community court they should have no reason to be having quite robust profits just about now.

That's not happening, other things are happening, but the profit motive seems to have taken a back seat.

http://www.fabianfinancial.com/trends.jsp
Market Trends
(As of Wednesday 03/24/2004)

200 Day
Differential
3.3% Fabian Indicator Composite
4.1% Wilshire 5000
3.4% Standard and Poors 500
0.1% Nasdaq 100 (CBOE)
6.2% Russell 2000
2.4% Dow Jones Industrials
Click on any index to see a current chart
(snip)

If you took oil stocks, companies with ties to government contracts and retailers of cut rate merchandise out of that mix, I bet those numbers above would be in the negative.