Sunday, March 15, 2009

Hope...In a Not-So-Brave New World

This week brought us a glimmer of good news...

Citigroup's CEO claimed they were profitable in the first 2 months of 2009, the Dow saw 4 positive days in a row, and Jon Stewart handed CNBC's Jim Cramer (and financial investigative reporting in general) a stunning lecture on journalist responsibility.  

It is fitting after this long economic winter, that spring is slowing coming in starts and fits.  In the midst of this good news, we see AIG (under new management) is still paying lavish bonuses citing "best and brightest retention" needs and Bernard Madoff is heading to jail amidst controversy that he may be protecting something or someone.

Like most things, the beginning of the end of a recession falls under the category of "I can't explain it, but I will know it when I see it."  Some good news is a change in the trend and perhaps the indicator that the darkest days of winter are behind us.  For a while, the market's inability to fall below 8,000 was a hopeful sign though we knew it wouldn't hold with the waves of layoffs and the growing pool of the unemployed.  Yet and perhaps most importantly...a sense of entrepreneurial spirit is in the air.

Are you ready?

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