Rare Finding! The world’s not coming to an end (but life as we know it may be).
Some Good News Lost In All The Doom And Gloom
Courtesy of Eric J. Fox, at the Stock Market Prognosticator.
The sentiment is obviously terrible out there for the the market and the economy, so it is important to highlight some data that didn’t get that much play because most pundits are too busy predicting when the sky will fall and who it will fall on.
The Conference Board reported that its Index of Leading Economic Indicators rose 0.4% in January. This is the second month in a row that it increased. Five of the ten components in the index were up.
And no…I am not saying everything is great in the economy, but the world is not coming to an end like the blogosphere seems to be saying. This is not Imperial Rome, and there is not a Barbarian army camped outside our walls waiting to sack us.
Capitalism is cyclical. Get used to it.
