Monday, February 23, 2009

Some Good News Lost In All The Doom And Gloom

The sentiment is obviously terrible out there for 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.

1 comment:

Trendvious said...

I'm definitely tired of everyone saying the sky is falling!