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
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