Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, October 3, 2012

More Maybe-No-Recession. What would Rosie say? Stay tuned.

Joe Weisenthal @ Bloomberg: Real quick there's been a notable spatter of good economic news lately.
  • ISM services jumped to 55.1 from 53.7 last month. 
  • Car sales for September hit their highest level since the financial crisis. 
  • ISM manufacturing jumped back above 50. 
  • Gallup has seen a big surge in economic confidence. 
  • WSJ/NBC poll has seen a surge in economic confidence. 
  • UMich Consumer Confidence saw a big jump. 
The idea that we're deteriorating, and that the market rally is not based on fundamentals is not based in reality.

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