I don't know about you... but I get this warm feeling that we have witnessed the bottom.
Yesterday Asia rebounded very strongly in mid-day trade, the US last night shrugged off increased unemployment figures, LIBOR and VIX have fallen and there appears to be a glimmer of positiveness in the market for example the British Airways report last night and the CEO of GM facing facts head on, coupled with decisive action earlier starting to be felt through stimuulese of the BOE and ECB by agressively cutting rates during the week.
Another 12 months of negative reporting is almost certain... but what lies beyond that feels good (not robust but good). So the question is which companies have strong balance sheets to get through this period of time?
Yes we have the ASX200 companies but what lies beyond that in the mid-caps? What should we be accumulating now?
I will be doing my own research over the next weekend but it would be interesting to see what you guys think.
