AP: Stocks surge as profits at Wells Fargo jump

Good news – Stocks are rebounding after Wells Fargo Bank announced a surprise profit. Can the rebound actually be in process? Click on the link below to read the AP article in Yahoo! News:

Click here to read the AP article in Yahoo! News:

My take on this… Real Estate, Banks, Mortgage Lending and the Stock Market are leading indicators. As these markets stabilize and rebound, the rest of the economy will follow suit. And the media, famous for reporting the doom-and-gloom, had a part in creating the lack of consumer confidence. Therefore, I welcome this great news and would like to encourage everyone to help spread a positive word!

Enough of my soapbox. Feel free to post comments regarding this story.

–John

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