11 Jan 2002 Trees Are As Important As The Forest
Posted at 16:29h in The Friday BriefThe tug-of-war between the Bulls and the Bears continues as analysts and investors fret over half-full or half-empty scenarios. There is little argument that the economic numbers suggest a bottoming in the economy. The rise in unemployment is slowing, consumer confidence is improving, commodities’ prices are rising from their lows, and bond prices are declining. The big question centers on the speed of the recovery and the vitality of corporate earnings. The stock indexes, historically the best leading indicators, are signaling recovery sooner, rather than later. The NASDAQ Composite index reached a six-month high on Wednesday.