Outlook is positive as 2009 draws to a close.
Most major markets since January 2009 have recovered. Some markets have passed the 100 percentage mark growth, namely; Russia, Argentina and Peru. See chart attached below. Most Asia market too was impressive and indicates good upward momentum as we move into 2010.
The US jobless rates are coming down and are expected to dip below the 10% soon. This will be watch by investors closely as it is related directly to consumer spending. Most are currently optimistic. What will be monitored is consumer spending data. No doubt those consumers are shopping since Thanks Giving holiday and well into Christmas and Boxing Day, caution is still out in the open. Early indicators are that there are spending in full force but significantly less per person. This will improve as job losses dips further, since the peak of over 700,000 jobs lost in a month, and when sentiments improve the rest will be history.
Till then people, I am looking forward to a short break after Christmas.
TJ
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