The Good News Economist

The Tide Is Turning

Great interview Prieur,

Russell is alway so grumpy -- even in the face of an obviously improving optimistic sentiment...

This is no doubt just the first leg of the bull rally of 2009. I've been following the daily Rasmussen Consumer/Investor confidence indexes closely in the past 6 weeks. They both continue to surge higher with no bearish movement since both rocketed higher 3-4 weeks ago...

mast-economy.blogspot....

If they falter, then the rally will too.... but if they keep moving higher, I can't see any significant dips on the near term horizon...

Strong earnings from the elephants in the room this season and positive stress tests will add fuel to the rising optimism...

@_richard_,

This rally has absolutely no characteristics like a dead cat. If there is any kitten to be found right now it is attached to a bull horn.

@mkreisel,

Check the technicals on the last 12 bears as the new bull rise begins... as volume increases with confidence over time the slope higher just increases...

Good luck.

GNE
goodnewseconomist.com

Emerging Markets Lead Global Rally

Thanks Richard for these charts.

No doubt just the first leg of the new world bull. I've been following the daily Rasmussen Consumer/Investor confidence indexes closely in the past 6 weeks. They both continue to surge higher with no bearish movement since both rocketed higher 3-4 weeks ago...

mast-economy.blogspot....

If that psychology falters, then the rallies will too.... if those indexes keep moving higher, I can't see any significant dips on the near term horizon...

Thanks again for these graphs.

GNE

Tuesday Outlook: Commodities, Emerging Markets

Really enjoyed all the charts:

Perhaps the next round of THE WAVE is happening today?

;-)
Thanks again,
GNE
goodnewseconomist.com

Sensing a Market Turning Point

It is clear that the Fed is planning to do everything to turn our bad mood around. Perhaps the question in bankers minds right now is which is more secure: US dollars (cash) issued by the Fed (at zero percent). Or debt issued by the Fed (bonds) at zero percent?

This one has my head spinning a bit.... personally if a bank is going to give me a loan and never call it, then isn't that as good as cash?

I have written a bit of "good news" on that topic at
mast-economy.blogspot....

Seems there are some legal implications on issuing debt for cash (and I'm sure the politicians are scratching their head too.)

And if the banks will issue me notes (or cash) with no call on the loan. Why not buy some stocks? I will be getting no return anywhere else?!

Someone please enlighten me here.

Thanks,
The Good News Economist
mast-economy.blogspot....