Todays news is postive - I think that is a fact. What happens in the next year or so as the cuts kick in is a necessary evil for me, from which we will come out stronger. What is more important is the the immediate news before these cuts kick in is good, low interest rates and QE have proved to be helpful in sustaining some amount of consumer confidence. Don't forget we have been in this mess from end 2007/summer 2008 - so there has already been a significant period of adjustment for business from which we are now hoping to gradually crawl out of. The bottom was some time ago, for me.