Optimism

One of my regular financial radio voices is Adam Bold on Saturday mornings. He's on 69 stations coast to coast. He also has a PBS television show - Your Investment Show. I could only find it on the web.

He spoke yesterday about what we know now that we didn't know back in August and January and even March.

We are not in a recession as the GDP was a positive number. The stock market has acted positively the last four weeks.

Oil may have found its top price. It's becoming evident that at gasoline prices near $4/gallon, Americans are changing their driving habits. Adam suggested oil will decrease toward $80-$85/barrel.

Stimulus checks are due out soon. The Reserve has cut rates 4% since August. They have signaled no more cuts ahead.

Most of the fallout from the sub-prime mortgage mess has come to light. It began back on August 8. In fact, he says indications are that home sales have neared their bottom and the numbers are stable.

We have the certainty of knowing one of the major candidates in the fall.

All these things are positive and Adam is quite optimistic.

'til later