Monday, April 26, 2010

Not Out of the Woods Yet but Better Than We're Hearing

On 1/20/09 the Dow opened at 8279.63. The graph below shows where the Dow closed on April 23, 2010.

General Motors has repaid the U.S. Government five years early - with interest.

New home sales were up in March, as were sales of existing homes.

Unemployment holds steady at 9.7 percent, while 162,000 Americans went back to work. Not great, but better news than we've had in some time. Inside the numbers (those not looking for work; unemployment rates for blacks and Hispanics; underemployment) have not been effectively addressed.

But the facts are, with much work left to do, progress is being made. A recession decades in the making can't be completely turned around in a year. But as things get better, the rage, anger, fear-mongering and bitterness is becoming grossly inappropriate and woefully out of step.

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