I think there is still a lot worse to come.
I went to a pensions seminar for work the other day and there was comment from a major investment house that the only green shoots being seen in the economy are simply a slowing down of the rate that the cr*p is hitting the fan and that they expect a long L shaped recovery - at least here in the UK.
I tend to agree
BTW great name Rags2Riches - by co-incidence I used that as the title of my blog!
Graeme
I went to a pensions seminar for work the other day and there was comment from a major investment house that the only green shoots being seen in the economy are simply a slowing down of the rate that the cr*p is hitting the fan and that they expect a long L shaped recovery - at least here in the UK.
I tend to agree
BTW great name Rags2Riches - by co-incidence I used that as the title of my blog!
Graeme
'Martin Weale, the institute’s director, said he believed that the recession was now over “as far as I can tell”. '
Oh really.....
A quick look at the FTSE 4hr shows that 4500 has been tested 5 times already. Looks like a key battleground.
I am of the opinion that the more a level gets tested, the more likely it is to fall. Patiently watching....