The market rallied stronger on more signs the economy has turned around. U.S. stocks rose on Wednesday as government data showed a rise in consumer spending and suggested that companies may start to rebuild inventories.
There are still those looking at the rear-view mirror, and noting the drop in the gross domestic product at a 6.1 percent annual rate in the first quarter. You can't drive a car or trade stocks staring at the rear-view mirror. The markets look forward and anticipate the future.
I remain long and aware of seasonality in both the monthly and Summer timeframes.
Randomosity...
- Swine Flu tip: Wash hands frequently, and don't French kiss pigs.
- I thought American Idol was pretty boring last night. Adam Lambert and Danny Gokey are the clear front-runners. I actually like Allison Iraheta and Kris Allen this year more than the front two. But, I'd vote off Matt Giraud this week. Never much of a fan. Strong season, though.
- Fed sees recession easing. Funny, that's a group that usually stares into the rear-view mirror!
- Chuck Wicks and partner Julianne Hough eliminated last night in Dancing with the Stars.
- One of the Spring rituals at my house? Fixing broken sprinklers.
- I find myself using both Tweetie and Lounge on my iPhone for Twittering.
- Amazon buys iPhone book app Stanza. I've been using both Stanza and Amazon's iPhone Kindle app. Mostly, I'd rather read a physical book, though.