Is The Economy Back On Track?

The DOW appears to be heading to 11,000 so everyone must be sure the economy is back on track and all is right in the economic world. Well maybe everyone but me. I do realize that news about company layoffs appear to have abated and seems to have put some support to the markets but I for one simply do not think the economy is a sound as the stock market rise would have us believe.

While the worst may be over I expect we will hear more news in the near future about company layoffs and downsizing. I continue to believe that we will see another surprise when credit card companies start releasing delinquency reports.

The market bulls are in charge right now but don’t expect this to last or at least I don’t. Look for value, price and companies that may benefit if this correction is not over.

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