Wednesday, March 18, 2009

Building Up the Stock Market

I saw Lou Dobbs (in passing, readers) last night and he was crowing about this. Recession over and the markets are fine.

"Housing starts show strength; But February rise called temporary" by Globe Wire Services | March 18, 2009

WASHINGTON - While the surge in construction was far better than the continued decline economists had expected, specialists viewed the rebound as a temporary gain given all the problems the housing industry still faces.... After the news, investors reignited Wall Street's rally, snapping up financial and homebuilder stocks among others.... --more--"