paris up 4% plus, page-3

Hi Philarmonic.

The market is aware of what may transpire in the next 6 - 9 months and is only speculating upon this. Believe it or not, the trading on the ASX was quite light on volume today which means that the real money (i.e the true genuine market/funds) are still on the sidelines.

The jury is always out on a V or U shaped recovery but like the fires in Victoria, we are seeing green shoots appearing all over the charred landscape. The L shaped scenario was always a furphy.

Unfortunately, IMO, over Easter if not soon afterwards, the media will run with the now but yet announced technical Australian recession where micro political analysts endeavour to buy space.

However, legislative change via the G20 & IMF will make us soar as did the change in the toxic asset accounting procedures. It is a bandaid but so is the fiscal stimulus.

I believe in the free market and competition. Protectionism during the remainder of 2009 is the the concern as well as both the almost hiostorical &insurmountable deficits. This i the reason why gold bulls are talking atm.

The question is whether the globe is dealing correctly with recessionary indicators or not by stiumulating growth via printing money.

Make no mistake, the world is on a precipace, unsure whether it wants to fall or fly.