Light at the end of the tunnel and its not a train!!!

The Fed said yesterday that strains in global financial markets have eased and the labor market is gathering strength. In a separate statement, the U.S. central bank said 15 of the nation’s largest 19 banks could maintain adequate capital levels even in a recession scenario. Data later today may show Indian wholesale prices rose 6.7 percent last month, near the slowest pace in two years, based on economists surveyed by Bloomberg
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“It is just a continued pattern of relatively strong U.S. economic data,” said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees about $100 billion. “Overall it’s fairly a positive sign for the U.S. financial sector, banks in particular. It shows how much things have turned around from the situation three years ago.”