I am begining to think that the lack common sense is what got all us into this Mega Mess. The problem is that common sense is still missing and I wonder why?
The markets are rallying and it’s good but shouldn’t we do a reality check before we get too carried away? I mean the expectation are so LOW that any number above the bottomless floor is sending the markets into rallies. We all want rallies but sustainable rallies please that are supported by solid fundamentals and not driven by speculative play. Folks are talking about recovery against the backdrop of some pretty bad numbers. Yes we are now seeing some mixed numbers ( some positives )come out from the 1st quarter but the real economy is still hurting.
To get some perspective let’s just look at the numbers out of UK released back on May 01, 2009 .
According to the Govt figures, nearly 5,000 companies in England and Wales went into liquidation in the first three months of 2009 and a record number of people succumbed to insolvency. continue reading »