Let me start by saying that I am not by any stretch suggesting we are coming out the other side, but none the less it is a good day today, why:

1.  The S&P is up 450 points yesterday
2. The Dow was up 290 points
3. US President-elect Barack Obama has pledged the largest infrastructure package in over 50 years…this is very significant and could speed up a recovery
4. Oil rebounded almost $3 a barrel
5. CDN dollar up 1 cent
6. TED spread dropped 1% (this shows signs of credit crunch easing…albeit we still have a ways to go)
7. Bank of Canada dropped the bank rate by .75% as I predicted
8. Stephan Dion stepped down yesterday, word is Michael Ignatieff will be the interim Liberal leader.  This is significant because Ignatieff has not been a supporter of the coalition of idiots, and has already started to say that if Harper brings a budget he can support, he will.  This also means that Harper will bring a powerful budget for our economy.

Have a great day everyone