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Monday, March 30, 2009

Almost enough to make you positive, eh?

I received a business email today, pointing out the following:

·Retail sales are ticking upward ("ticking upward"?)

·Existing home sales are up 5.1 percent in the latest survey (definitely good)

·Durable goods orders are up more than 3 percent (again, good)

·Most major banks have shown a profit so far in 2009 (and many are turning down or returning stimulus money)

·The stock market staged its biggest rally since 1974 this month (after being cut in half, that isn't saying a whole lot but hey, it's positive)

·Both the fed and treasury have implemented plans that are forecast to have a positive impact (this is the weakest point of all, because what are they going to say? Something bad?)

·Corporate earnings have been surprisingly strong for a change (again, good)

Hopefully it's part of a larger trend of good, slow growth... and we can stop throwing trillions of dollars at bankers and investment companies.

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