01.01.70
"It's start to look a lot like Christmas, everywhere you go."
Oh yes Virginia, timely days have come back. Wall Street's up, Europe's up, Asia and Australia are up and up.
Explore in depth through the headlines and you get the impression that though all remains unwell, we shall win out over. Reminds me once more of Camp Quality's banner "never miscalculate the power of optimism" - or something along those lines.
Speaking of optimism, it was the big rebuke in US consumer confidence that did it for the markets last night - adding to improving eco stats we've seen over the quondam few months (yes, months not days or weeks).
It was also optimism that today's European money management ministers' meeting would produce a positive upshot. Financial markets are now seeing their empty glasses half-filled.
From a broader standpoint, there was not much to write home to mother about over Wall Drive's minute increase last night… nor Europe's. Pamper would just write back and say, "so what"? Movements above or below 2% in the known environment are now considered indecisive trades.
Source: Financial Standard