Be wise. Be brave. Be tricky. (slithytove) wrote,
Be wise. Be brave. Be tricky.
slithytove

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Remember this post?

Driving home from work yesterday, I found a car carrier blocking the northbound lane of Route 1 at that Nissan dealership, the first I've seen since 2008. I declare this recession to have turned the corner.

The stock market, which historically has bottomed about six months before the end of a recession, seems to have done its usual thing. The major averages bottomed in early March, and have been going up very strongly (possibly unsustainably so) since then. The 200 day moving average of the SPX has turned upward within the last week: a very positive sign for future stock market increases.

Yes, I know it's still awful out there. But it's probably not going to get worse, and six months or a year from now, that will be obvious to everyone.
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