Consumer Confidence soared and so did the markets. Investors have been hoping for a turn in the economy and the glee from consumers is one data point moving in that direction. There are trillions of dollars waiting on the sidelines and whenever good news is announced hoards of cash seem to move into stocks. All markets were up more than 2.6% and everybody cheered for a day.
The global economy is still struggling and the financial industry is still fragile but we all hope the worst is behind us. Many problems are still ahead and the debt burden of the U.S. government will tax consumers for generations in the future. We still maintain caution as we ride the current wave.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment