Deep Singh

Huge gains over the last couple of weeks in most of the major indices. Dow Jones/ sp500/ nikkei etc increased up to 20%

Oil also up to $50/barrel

Bear market rally, or recovery in the equity markets?

tee120

iTrader: (2)

Bear Market rally, i'd say, has fundamentals changed much?

Jay m A

iTrader: (2)

It would be interesting if the housing market goeas through the beartrap phase, hope so because I'd like to offload a property soon

Deep Singh

I wouldn't have thought so, but you never know. House sales in usa have jumped but at reduced prices and mainly foreclosures

zip106

It's sunny outside.
Wait until later this week when it's raining, stocks will drop like a ****** knickers.

Petem95

Can't be anything other than a bear-trap really, as the underlying fundamentals whcih have been the reason for the economic slump haven't really changed at all.

I fail to see now how we can be in for anything other than a long deep-recession or depression. We should never have been allowed to get into the situation we were in (ie massive unsustainable debt boom), but one good thing to come out of this all is that it seems like risky financial practices and lending will be stopped for good (ie limiting mortages to 3 x salary with a big deposit) should put on a firm footing for when things do improve.

I think I'm in the same boat as you Deep, in that I'm keen to buy up some cheap assets while they're cheap and want to get the timing right, but unfortunately I think it could still be a long wait until the best time to buy arrives! IMO Japan through the 90's is our case study here!

SunnySideUp

It's all over bar the final shouting.

Houses are selling, now a shortage of new cars and no real discounts as there were last Autumn, shares up massively, Oil up, USA Houses selling like hot cakes, China on the up, Mortgage approvals here up 18% on the month ................. looks like Brown has done it!?

MrRA

I like your optimism

hodgy0_2

this implies some sort of rationality in the way markets work, if that was the case we wouldn't be in this mess

EddScott

And then Gordon Brown wakes up to reality and thinks "Oh ****!"

Odds on

What does it take to join your world? Do I have to walk round with my fingers in my ears, shouting "La la la la la la"?

r32

Brown? F**k off