Is the economy becoming more stable?

[moneysense]

According to the latest consensus it is. Fourth quarter domestic product revision was better than what it was expected to be.

John Herrmann of Herrmann Forecasting had this to say.

"The economy is still clearly suffering, but we're seeing some decent signals,"

Part of the optimism that things are looking up include,
durable goods orders rising, existing home sales rising, and new homes sales also rising.

Unemployment rates are still rising and are expected to rise through the end of 2009.

With the new optimism that is going on lately, this may be just what is needed to put the stock market back on a more even keel.

Now if the job situation would just turn around, this in itself would help the economy by giving more people more money to spend.

[pennypinch]

I don't know if it has or not. I would sure like to think so but we have been through so much this last year that I would hate to get my hopes up too high.

You are right about the job situation. I know so many people who are out of work right now just in my small neck of the woods. Its scary and sad.