The evidence just keeps mounting folks. Bring out your dead. Bring out your dead.
(Click for normality)
Good for U.S. dividend investors, too:
In February, according to S.& P., 135 companies raised dividends, the largest total in nearly two years. Just 11 percent of the announced changes were negative — eliminations or reductions of payouts. Last March, during the height of the panic, the figure was 82 percent, the highest recorded by S.& P. since it began tallying the figures in 1955.
Some of those increases reflect the fact that companies overreacted when they feared a cutoff of credit and a new depression. But those very overreactions may have set the stage for a recovery that will turn out to be stronger and faster than those after the two previous downturns.
The recession is over. There’s less chance of a double-dip than of me lifting 300 lbs.
(Source: New York Times)
