According to a recent Gallup Survey, two-thirds believe an economic recovery is at least two years away. Interesting implications here as stimulus begins to wane in the 2nd half of the year and the consumer will need to take. Are we starting to see the market warming up to the “2nd half slump” theory? Anyone interesting in shorting XRT ? Long SDS ?
more from Gallup:
Americans are thinking in terms of years, not months, when pondering how much longer it will be before the U.S. economy starts to recover. The vast majority (67%) believe it will be at least two years before a recovery starts, and nearly half (46%) think it will be at least three years.