Monday, January 3, 2011
Stocks Start 2011 With A Big Lift (AP) -- "Stocks started 2011 with a big lift on Monday, and that could be a promising sign for the rest of the year. Investors call it the "January barometer."... "All of the forecasts come out of Wall Street, and those expectations for the year give January a nice indicative effect of what the year will look like," said Jeffery Hirsch, the editor of the Stock Trader's Almanac. Signs that the economy is improving pushed stock indexes higher on the first trading day of the year. "
America #2 --
Consumer Bankruptcies Hit 2-year High in 2010 (Reuters) -- "The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with excess debt in an uncertain economy... Roughly 1.53 million consumer bankruptcy petitions were filed in 2010, up 9 percent from 1.41 million in 2009, according to the American Bankruptcy Institute, citing data from the National Bankruptcy Research Center."
~ That's 3 million Americans having had to file personal bankruptcy in two yrs.
Two Americas, folks..
Posted by Susquehanna at Monday, January 03, 2011