“Davidson” submits:
The Conference Board recently released their Help Wanted Online Index which rose 208,800 in March 2011. This is nearly as robust as was witnessed in early 2007. It is very difficult to find something negative in this climate if one is watching these basic economic indicators which have proven correlations to the economy and to the equity markets.
Although I am sure there will be some one who finds something somewhere to portend imminent global collapse, the history of the various economic data series covering Industrial Production, Retail Sales, Auto/LtTruck Sales and etc., etc., etc. have always revealed uptrends that portended well for equities during past recoveries.
The evidence is substantial and overwhelming. I do not comprehend those who forecast a sudden deluge of negative news.
