Hello Share Shovellers,
They tell me the economy is giving mixed messages. Great! Cant make buy and sell decisions on mixed messages. For one thing some figures show monthly house prices rose for the third time in a row.
But then other numbers show that national growth slowed faster than was first thought over the last few months. Not only that, but the recession started a few months earlier than thought,
too.
Well, that last news isnt too bad. If it started earlier than thought, and nobody at the top noticed it, then maybe the slump will finish earlier than we thought, too. There are green shoots out there, I would guess.
Nobody is saying that the recovery will be easy-peasy. But that wont stop it coming.
My own view is and its a bit wild, I know that there will be a surge in share prices very soon now. There is a feeling of optimism building up, eve if it is shrouded in mixed messages.
One week, we could see the Footsie (news) rising about 7%. Its happened before, it will happen again. That would put a smile on my face, because of late Ive just seen my share asset total stay more or less where it is, week in week out. That bores me to death.
The fear is still there. The lack of confidence still festers. But a few more bits of good news, outweighing the bits of bad, and we will soon be laughing. This is not over confidence for the sake of it, its just a reliance on history. Recessions do not last and they are followed by recoveries.
There is still the same number of people out there doing what theyve always done. And technology helps them to do it faster and cheaper. Eventually, the worlds wealth will beat the recession. And then we can all join in the great game with greater gusto. Rock on.
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