February 4th, 2009

The VIX is in the low 40's which is about half of it's peak, however, it is still on the high side. The yield curve is sloping upwards which is typically a bullish indicator. The Fed Rate is near zero and is likely to stay in this range for an extended period while the market goes through its period of healing. Pending home sales rose this past report, however, corporate earnings are mixed. We are seeing some positive signs.