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Mediation Time  
La Vernia, TX  
November 25, 2009 6:35am
 
Wow... deplorable news for sure??? The Dow did close down yesterday (-17.24), closing at 10,433.71. I see your point, what a disaster???

However, according to CNN this morning, U.S. stocks are poised to open higher on Wednesday, with investors looking to a wave of economic reports. The economic calendar is packed today. Readings on personal income and spending, jobless claims, consumer sentiment and new home sales are all due out Wednesday.

More on the growing US economy - Yes it's true that instead of GDP growing at 3.5% it grew at 2.8%... Nontheless, it HAS GROWN - I hope you understand this is a good thing and GREAT NEWS...!

Not sure where you're getting your info on US home prices - they rose for the second straight quarter! Again, this IS a great sign!

On the US auto industry - According to J.D. Power & Associates projects slightly higher new-vehicle sales for November in the U.S. from a year earlier, adjusted for two fewer sales days this year, on strong fleet sales and ECONOMIC STABILIZATION, a signal the industry is "on the mend." The news follows some pleasant earnings surprises from auto makers. Ford Motor Co. (F) and Toyota Motor Corp. (TM, 7203.TO) posted profits in the third quarter and boosted utlooks. The auto industry has been one of the hardest hit in the recession. True GM posted a loss, they nontheless are also improving and in fact have started to repay thier debt to the US Govt.

Do you really want to get into why our economy is in the mess it's in and how we got there? Are you really naive enough to believe that OUR current President is the cause of this? We can get into ALL of that if you wish, just let me know!

All Great News!!!
     
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