Friday, April 24, 2009

The waiting game

Awaiting news of the stress test... So far, the markets lacked a clear direction on whether should it go up or should it proceed south. For the past month, markets had quite a huge upswing and I'm actually waiting for a correction to happen to buy in for the next upswing. Although analysts and reports are out saying that recession is not yet over, I would say that the world economy generally lags behind the stock markets couple of months and with data showing a slowdown in the decline of unemployment and sales, it shows that the recovery of the stock markets should be in sight. As recovery happens, the world economy would also recover in the next 6 months.