Tyson Steele Associates - Advanced Dental Marketing Concepts

Written By: Tyson Steele on 2009-04-22

On Friday, March 13th (ironically), Fed Chief Ben Bernanke appeared on 60 Minutes and attempted to assure Americans about the economy. He stated firmly that, "(The U.S. recession will come to an end) probably this year."

Well, apparently investors are ready to grab any measly crumbs offered to them as evidence that there is a feast around the corner, because the following Monday, the Dow shot up 200 points.

Of course, those exuberant bulls must have a short term memory, because almost one year ago Benanke said, "We expect economic activity to strengthen in the second half of the year ... and growth is expected to proceed at or above its sustainable pace in 2009."

Maybe last time he forgot to windex his crystal ball?

But seriously folks, if the guy with the most training and data on this thing can't predict the future, neither can any one of us. So stay focused on what you can control -- your practice, and pay no attention to that "Fortune Teller" sign in the dark alley.