Today, let me show you some charts (from the Calculated Risk blog) of how the public is beginning to see an escape from the economic mire of the last four years.
It is no coincidence that one of the best market indicators is to buy when this consumer sentiment index drops under 70.
You can take that to the bank, and those intense pessimistic times are a learning experience that produces good results as the problem of the moment is forcefully addressed. So now, we see a move back up to 80, and that is in the range when the public finally starts thinking that they may have future opportunity if they invest well and work hard.
Also, corporate profits are soaring - despite the headlines - and the unemployment rate is declining.
Pay particular attention to the slope of that line, since it will continue (and maybe accelerate) in the coming year as companies play catch-up.
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