For the time being I would characterize this as a savage, bear market rally.
More Quotes from Richard Champion:
We still have got some serious fundamental problems in the global economy and it's going to be difficult for the market to move ahead consistently without solving them.Richard Champion
Clearly the economic news we're getting at the moment is better than expected, part from the States but also from Europe with ZEW survey today. Nine days in a row is a very strong run, but the jury is still out as to whether economic recovery can become established.
Richard Champion
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