Good News Friday . 03.02.12

Elephant In the Living Room

With all of the recent good economic news about the labor market, retail sales, consumer confidence and manufacturing, let’s not overlook one of the most obvious pieces of good news – the stock market. The S&P 500 closed on Thursday at 1374.09, its highest level since June 5, 2008. The index has risen by 9.2 percent this year and by 25.0 percent since the recent low on October 3, 2011. The VIX, which measures market volatility, has declined in recent weeks to its lowest levels since last summer, a sign that investor fears of a near-term recession and financial contagion from Europe have receded. Rising stock prices have several positive knock-on effects for the economy, boosting consumer and business confidence and smoothing the way for companies to secure financing through public offerings, not to mention helping us all sleep better at night.

Have a great weekend.

Best regards,

Bob

Robert Bach

SVP, Chief Economist

Grubb & Ellis

312.698.6754

To unsubscribe from this email select "Reply" and type "Unsubscribe me" in the subject field.
© 2012 Grubb & Ellis, all rights reserved.

Advertisements

About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s