Corporate Spending Suggest Economic Rebound

So far this year the amount of money corporations (non-financial) have spent on capital expenditures has risen to $149 Billion, the best since 2008.


This is a VERY positive sign for the economic landscape and the stock market in general. Corporations have been sitting on their cash for years due to the uncertainty that was on the horizon. Everything from new government regulations to troubles in Europe to the tax code has kept the wallets closed. But now it appears that may be changing and if this trend continues it will lead to more jobs as demand for good and services increases.

This is a win-win for everyone involved. And one more reason I believe the stock market moves higher in the months ahead.

Here is the link to the article: http://www.bloomberg.com/news/2011-11-07/capital-spending-nears-2008-level-as-u-s-skates-new-recession.html