Are We On the Other Side?

Lots of positive financial news out there this week:

1. Existing home sales rose 5.1% in February
2. Proposed changes to accounting rules, specifically the "mark-to-market" rule
3. Orders for manufactured goods rose 1.8% in February

All of this spurred the Dow to rise and give us the third day of positive movement, temporarily pushing the Dow above 8,000 for the first time in 2 months.

The significant monthly unemployment report is due out tomorrow however and negative numbers are predicted.

I think all of this signals that the bottom is behind us or near and that we may be looking at the other side of the rebuilding and regrowing. This is significant to us because this probably means home buyers that aren't out there already may not get in until the upswing and rates may be starting to tick back up again into the 5%'s. (Yeah I said UP to the 5%'s.) I've stated many times that if the media starts saying we are more healthy and growing, we will be. We need the positive message, keep 'em coming!