Looking for a Few Positives, Here’s Some!

This week began with Bernanke talking of light mark to market rules which will help the balance sheets of banks. Ben followed with comments that he still felt the recession would end by year end 2009.

Later during the week, three large banks proclaimed they were cash flow positive in the first two months of the year, the first time in over a year.

Retail sales released this morning revised January’s number up to 1.8% from 1% and also showed a better than expected number for February.

Lastly, several companies this week during mid quarter conference calls announced things were stabilizing and the future is looking more positive.

Does this mean the market will stop going down and begin moving higher? Not at all, but there are a few positives to build on. Patience! JK