Good News
With all of the recent doom and gloom about how our government (even with “the chosen one” as our President) is falling flat on its face by failing left and right, I figured I would find some positive news for us. This short article in the Washington Post makes a couple of great points:
“U.S. stocks posted the first back-to-back weekly rally of the year after the Federal Reserve said it would buy $1 trillion in bonds and after a report showed home construction snapped the longest streak of declines in 18 years.”
“The Fed’s action helped,” said Russ Koesterich, head of investment strategy at Barclays Global Investors in San Francisco. “They’re willing to use all the instruments in their arsenal and be aggressive.”
“The S&P climbed 1.6 percent for the week, to 768.54, up 14 percent from a 12-year low of 676.53 on March 9. The Dow Jones industrial average rose 0.75 percent, to 7278.38. The Nasdaq composite index advanced 1.8 percent, to 1457.27. The Russell 2000 index of small companies increased 1.8 percent, to 400.11.”
Overall, we are seeing a change in our markets with a solid 10 days of forward progress in our markets. We are far from out of the muck, but we are getting there and its good to see some praise of our government for being highly aggressive in these certain times.
Again, we talk about all the negative that has come out of the governments actions, but what would have happened if our government would have done nothing?
