Right. So I'm bullish on equities and I have a whole bunch of micro-economic evidence that points to an imminent broader economic recovery which would lead to a higher stock market, including:
Corporate Campaigns Hint At Brand Advertising Revival. The fact that companies are now willing to invest in long term corporate branding campaigns rather than just short-term tactical and promotional strategies indicates that something is in the air. And if companies are spending on marketing, then that points to an eventual slowdown in job losses. In general, marketing expenditure tends to be the first area cut during a recession and the last area to grow after a downturn. So, this is very encouraging news.
Holiday Sales Boost May Retail Sales Numbers. People are holding onto a lot of pent-up frustration and this extends to the shopping arena. Shopaholic or not, after months of sad news and repressing their need to acquire, most people just want to throw caution to the wind and splurge - if just a little. Whether this is long term remains to be seen, but at the least, there's a glimmer of hope.
Flawless Blue Diamond Sells For Record 6M GBP At Auction. Enough said.
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