Top 12 reasons to be Economically Optimisitic Today
This from the Wall Street Journal I should add the 13th, when the media starts reporting stories like this, the end must be near
1) In the US consumer confiedence rebounded during April
2) The % of people who said that jobs are hard to get went down for the first time in 13 months
3) California’s median house price GAINED 2.2% last months after 18 straight months of decline
4) Sharp is joining many other companies forecasting sharp increase in profits in all its business divisions during the second half of 2009
5) IBM said it will increase its dividend by 10%. When companies are giving cash away, even if to its shareholders, then they are less worrried
6) The high yield bond market, raised $7 billion dollars in April, which is the highest since last July
7) The stock market helpd up, despite the market nervousness around bank stress tests, swine flu, and the impending forced downsizing of the American auto industry. Think about it, if things were still real bad for the future would any one of those things been good reason to expect a stock decline? Yup.
Corning is bringing back laid off workers, due to stonger then expected demand for galss for new flat panel TV’s
9) 64% of the 235 S&P 500 companies reported having a pleasant surprise to their frist quarter earnings reports, and all 10 sectors beat their first quarter forecasts
10) The stock market indecies rose in a week as jobless claims edged lower and the consumer comfort index moved higher
11) Portfolio, the glitzy magazine about Wall Street was cancelled. This may show signs of more conservatism on Wall Street, and the signal to end the bear market
12) Confidence in the Euro zone also went higher compared to last month
Don’t Worry, be Happy.
