After a dismal three months the stock market has bounced back strongly over the past week, recovering half of its recent losses. If you view the five-day graph the bounce is more noticeable.
Oil prices trade around $70 per barrel; a scant few months ago the price was over $140. Cheaper gas means more dollars in our pockets.Even the weather is cooperating. In Northern California there had been signs of another dry winter, which could lead to water rationing in 2009. The weekend storms put us above normal.
If my candidates win, I'll be happy. But there's reason for optimism even if they don't.
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