The Economy, Stupid

There is a poll at the WSJ online over here this morning asking simply, "Is the economy on the mend?"

I was very surprised to see that 66% of respondents answered, "no." Stocks ave had a huge rally off the bottom and the banks are able to raise money and function again, both of those are good indications that things might be getting better. Oil is trading like buyers expect a better economy at some point within their investment horizon.

I guess it's still easy to be negative.

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Meanwhile back at the U.S. equities ranch, futures are up again this morning. This market of late has got to be very frustrating if you aren't long it.