Thursday, July 16, 2009

Good old days again?

Goldman Sachs (GS) had a blowout earnings report this week and the Dow finally made it above 8,500 Wednesday in a nice 200-point-plus rally.

The Wall Street Journal on Thursday carried a story about how finance executives were again getting paid astronomical bonuses to deliver returns to their firms.

Could it be that happy days are here again? Possibly.

China is also showing signs that its slowdown is on the mend. That could be a good thing in terms of exports and commodities.

We'll have to see how things unfold in coming weeks.

Brian.

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