Stock markets are funny things, they give the right record of the state of the economy until they don't.
They rise and fall on specific company issues, but somehow reflect the whole market.
They are run by machines, but driven by human emotions and greed.
They are rigours beasts but follow obscure folk law rules like 'sell in May and don't come back to St Ledger's day' - which actually work most of the time.
And then you have the 'Santa Rally' nearly every year without fail the stock markets rise into the New Year, and then nearly every year they give up all the gains in the first two weeks of January.
This year though the Santa rally is yet to kick in, even if it does the year will be a losing year on the FTSE - dragged down by its high resource sector composition.
A losing year on the stock market when the economy is in reasonably fine fettle is quite a rare trick, not something seen since 2001/2 when the tech bubble burst; perhaps the resources sector bubble is the same type of effect on the market overall which means a slow re-build from here as happened in 2003-2007?