Stock markets all over the world have been going up and up defying gravity over the past month.. Analysts and media reporters have started claiming that the worst is over....
it is the business of these people to be optimistic.. they cant paint a gloomy picture to the audience, if they did, they are going to lose them ! would you be interested in a newspaer which tells you to expect more bad news everyday ? or in a TV which scrolls news ticker with all news that ticks you off ?
seriously, there is very little on the field that can make me feel good or positive.. yes, right - the banks have started posting profits-atleast some of them.. but i reserve my judgements till some more time... with all the complicated accounting policies i wouldnt be shocked if it came later that these companies have increased their previous year losses by passing on the current year losses to them thereby substantially increasing today's profit... of course, you would find a note in the financial statement that the company decided to follow accounting policy Axxx instead of Ayyy from this quarter. going by the highlighting it got (or that it didnt get) you would assume that it is not relevant... but it might hv been the biggest lever to the profits....
we havent yet seen any poitive signs - we are only observing lesser negative news than we had in the recent past... to me, that's not enough to say the worst is past us.... tough times are yet to come, be prepared with the hope that the governments all over the world will do something about it.... they cant afford to fail with the current size of the problem.....
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