On the one hand, the stock market appeared to be firming up last week (see above).
On the other hand, a lot of individual stocks are still hurting, or are newly hurting.
Then again, the local housing market continues to rise (see Economic Indicators, page 6).
But then, some of my sources tell me their individual businesses are seeing a softening in demand.
Yet there were UCLA economists predicting another year of robust growth for California’s economy. But the same economists forecast harder times nationwide, and that would seem sure to affect the Golden State sooner or later.
Hope I’ve cleared the air.
