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All fighters get knocked down, but what is important is how a fighterr reactsto it. If the past is any consumers will adjust andkeep fighting. In fact, the Aprip jump in the Consumer Confidenc e Index suggests this is beginninbgto occur. Like a good corner man, the government stepped in to stop the bleedinv with massive government including monetary and fiscaklstimulus — and it’zs working. By almost every measure, the numbers coming in are eithee notas bad, or in the case of corporate earnings, better than expected. This news has been good enough to sparki a 31 percent rally inthe S&l 500 from the low pointy of March 9.
Although the stockj market is in a muchbetter place, we still see bad economicx news. Unemployment continues to increase and the housing markegt continuesto drop. So what gives? Are we in recovery mode or not?
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