Is this the top?

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Old Jun 11, 2009, 7:20am   #1
 
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Is this the top?

The Times: A leading economics think-tank released upbeat estimates for GDP growth in April and May and declared the end of the recession in Britain.
Britain is heading out of recession, says influential think-tank NIESR - Times Online


Media calling an end to the bad news, must be getting near time to go short!
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Old Jun 11, 2009, 7:59am   #2
 
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Quote:
Originally Posted by foredog View Post
The Times: A leading economics think-tank released upbeat estimates for GDP growth in April and May and declared the end of the recession in Britain.
Britain is heading out of recession, says influential think-tank NIESR - Times Online


Media calling an end to the bad news, must be getting near time to go short!
I would have to agree, it is all political spin and ramping.

I can't figure out how the recession can be over when I read articles like this:

'Enormous' rise in debt problemsÂ*-Â*Dealing with debt on MSN Money UK

I actually think the recession has barely begun.
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Old Jun 11, 2009, 8:03am   #3
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earnings , earnings ..
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Old Jun 11, 2009, 8:15am   #4
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'Martin Weale, the institute’s director, said he believed that the recession was now over “as far as I can tell”. '

Oh really.....

A quick look at the FTSE 4hr shows that 4500 has been tested 5 times already. Looks like a key battleground.

I am of the opinion that the more a level gets tested, the more likely it is to fall. Patiently watching....
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Old Jun 11, 2009, 8:28am   #5
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yes, it's all about the technical level.....fck the macro picture.

seriosuly do you believe that crap?
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Old Jun 11, 2009, 8:39am   #6
 
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The number of FTSE100 constituent stocks that have been moving from stronger to weaker compared to the index has been gradually increasing over the last 4 weeks. There are only 34 stocks that are still showing any sign of strength at the moment. The majority are pulling the index down. It will only take about 3-4 more and I reckon that will trigger the trend southbound for the forseable future.
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Old Jun 11, 2009, 8:43am   #7
 
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Originally Posted by foredog View Post
The Times: A leading economics think-tank released upbeat estimates for GDP growth in April and May and declared the end of the recession in Britain.
What they also failed to mention was that these were the members of the thinktank

Click the image to open in full size.
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Old Jun 11, 2009, 8:47am   #8
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Yes I noticed that everyone thinks that house prices have hit bottom as well, normally the downturn in house prices lasts a bit longer, but I suppose the BoE could have got the stimulus exactly right... we will see.

But you are right Foredog, it seems everyone, has changed from doom and gloom to prosperity for all
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