When all you read is gloom, turn here for a much different perspective.

Monday, February 23, 2009

"Slasher" Headlines Moderate

You may recall reading the "slasher" headlines last week.

The good news is that the mainstream media in just a few short days may be tempering the "slasher" montra. In fact on Monday, CNNmoney covered a similar story about forecasts of GDP growth later this year.

But instead of a slasher mentality, the article clearly points to recovery starting in summer and solid GDP growth in 2010.

Further the CNN Money report quotes forecasters pointing to a bounce in stocks: "The economists are forecasting a healthy recovery in stocks from current levels, estimating the Standard & Poor's 500 will end the year at 975, which would be 26% above current levels and a gain of 8% from where it started the year."

The report is far from a totally "good news" story. However, it is a significant mainstream media shift from the completely overblown dire commentary of the past few months.

1 comment:

  1. "a gain of 8% from where it started the year."

    In other words, we will have a completely average and normal year in the markets and will not crash every year from here on out forever and ever.

    Who would have thought? ;)


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