The stock market has shown a pretty steady climb up from the 6600 bottom of a week ago.  After several days of trading in a positive position some are saying that the recovery is getting close or that the stim package is working.

Their happy days are not what they are looking for…..one, this is just a pounce….two, it is bargain hunters and three, it is profit taking….nothing to write home to moma about.  The markets are NOT an indication of the economy.

wealth is declining

foreclosures are up

unemployment is up

consumer confidence is down

retail sales down

credit delinquencies are accelerating

production is down

Now what part of these indicators points to better days?  The media needs to report the facts and stop trying to incite confidence where there is none.

STOP!  STOP!  The markets do NOT reflect the health of the economy….it is just a/holes with money looking for bargains and praying for huge profits.