3 Months in a Row!

• The stock market closes the month with a rally and that's three months in a row!
• The headline news tends to lag the stock market. The news is still looking at first quarter numbers. States like California are budgeting based on tax returns from the 2008 tax year. While the stock market is looking to the future, it will take the numbers in the rear-view mirror a little time to catch up.
• GM to declare bankruptcy tomorrow. Back in December I said that giving money to the car companies was postponing the inevitable. Here we are. And even the restructuring seems to be postponing the inevitable. After $100B in tax dollars.
• Wow. Lakers vs. Magic. Should be a good series.