This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Seeking Small Business Relief? Get Ready To Wait

â¿¿ Stocks have rebounded: The Dow Jones industrial average reached an all-time high above 14,000 this week and has more than doubled from the low it hit in March 2009, during the financial crisis. That's increasing consumers' net worth and sense of well-being.

A healthy housing market and a persistent stock market rally could spur consumer spending and a revival of growth and hiring at small companies, Regalia says.

"You should see natural momentum building," he says.

But there are other obstacles to a small business recovery. The health care law is high on that list. Businesses aren't expected to know what their health care costs are until the last three months of this year, after states have set up the exchanges that will sell health insurance. Most anxious are owners with 50 or more workers who will be required to provide affordable insurance for their employees or pay a penalty.

Health care costs will likely remain a deterrent to hiring, says Paul Merski, chief economist with the Independent Community Bankers of America, a trade group that is familiar with the concerns of small businesses because its members work closely with them.

The bickering in Congress over the federal budget also will continue to discourage small businesses from hiring and expanding, Merski says.

"We need to get more positive movement in Washington," he says. "It would take a situation where the country's fiscal house at least has the appearance of turning around and going in the right direction."

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%
TSLA $233.50 0.51%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs