When GDP is normalized for population growth, the new high in real GDP in 4Q/2010 is seen to be only about half way to recovery.
Oniline discretionary durable consumer goods data is weaker than many people would like to believe, indicating something is still seriously amiss in this economy.
When comparing all the jobs data, you are left confused. ADP has very positive trend lines, BLS trends are mixed, & Gallup data has negative trend lines.
December 2010 private sector non-farm payrolls rose 297,000 – the largest increase in the ten year history of ADP reporting.
Investors are not valuing stocks in the same way that has been done for several decades. The question of why is examined in detail.