Hopeful Economic Indicators

John — Sun, 29 Mar 2009 18:11:01 +0000

Predicting when the economy will turn around is a risky endeavor, however, a recent Wall Street Journal article, “Economy Raises Tentative Hopes a Trough Is Finally in Sight” is cautiously taking some recent indicators as a positive sign for recovery.

In contrast to months of doom, gloom, and fear-mongering in the news, there are positive signs. The Dow has risen for three weeks in a row, its longest streak of weekly gains since May, the Standard & Poor’s 500 index rose 6.2% on the week, while the Nasdaq composite rose 6%.¹

Despite the pullback, stock-market bulls see signs of a gradual turn that weren’t evident in other rallies over the last 17 months. Data suggest the economy is gradually making a turn, said Fred Dickson, market strategist at D.A. Davidson.²

While unemployment and foreclosure is a real and painful, issue–there is positive news to be found, and opportunities to be taken advantage of.

http://online.wsj.com/article/SB123815206405655957.html
http://online.wsj.com/article/SB123815206405655957.html

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Hopeful Economic Indicators