Over the 3rd quarter US Government officials and the majority of the Wall Street community had declared an end to the recession. Consumer expectations where the driving force behind Consumer Sentiment numbers. So is it any surprise that earnings for the 3rd quarter are showing some signs of life. Earnings are a reflection of the past. The real questions is whether the 4th quarter and 2010 can live up to the lofty expectations of Wall Street for the “V” shape recovery in the face of extremely high unemployment and conservative consumer spending. Eventually the facts have to live up to the predictions or the market will fall and 6500 on the DOW will look like a gift.
Tags: bear, bull, Stock Market
