My local Paper

I read the Money section of the local paper today.

Wells Fargo's record profit: Good omen or anomaly?

The unexpected peek into the bank's official results, which will be released in two weeks, was a welcome sign of improvement in one of the most troubled and critical industries in the U.S. economy.

I was reading some of the rest of the stories, and there was some "Cautious bottom calling"


At last, economy leveling off -- but bumps not over

Stock investors, shoppers and home buyers are less jittery. Once-frozen credit markets are slowly thawing. And economic indicators that had been going from bad to worse are showing signs of stabilizing -- though still at distressed levels.

Comments on this story:

4/9/2009 9:02:00 PM -- Rightwinger wing nuts will soon be taking credit for any improvement in the economy. [MORE]

4/9/2009 7:55:00 PM -- Even dead cats bounce! The new accounting rules give incentive for the banks to hold the toxic stuff on their books at possibly... [MORE]

4/9/2009 6:56:00 PM -- After taking bailout money, how can they claim to have "made" a profit ... unless robbing the US Treasury is now considered an... [MORE]

(one neutral, 2 Negative)

This makes me nervous about monday's action, I guess I'd be more nervous if the posted a big headline "It's OVER!"