03 March 2009
Sign of the Times
Most analysts are not hopeful about the economy in the short- or medium-term. An editorial in today's WSJ is not atypical in claiming that the current administration's "assault on business and investors is delaying a recovery and ensuring that the expansion will be weaker than it should be when it finally does arrive."
So I was pleased to find this article in Forbes, which predicts a "sharp rally in stocks this year." Although this article's authors agree with the Journal that increasing government spending and debt are "negative," nevertheless they argue that are other economic indicators--rising retail sales, stabilizing oil prices and car sales, and rising measures of money--that augur a stock market recovery.
Here's hoping the Forbes guys are right.