FTSE up by 1000pts

[Turion]

That's 30% in only 2 months, defying the doomsters and during the darkest recession since the war. Astonishing. Well done the banks and financials

[SantaClaus]

<bad news placeholder>

[OwlHoot]

That's 30% in only 2 months, defying the doomsters and during the darkest recession since the war. Astonishing. Well done the banks and financials

Oh God, now I'm really depressed. Does that mean Labour might yet squeak back in next year?

Please tell me these green shoots are for now just more festering slime mould brewing ...

[Turion]

Oh God, now I'm really depressed. Does that mean Labour might yet squeak back in next year?

Please tell me these green shoots are for now just more festering slime mould brewing ...

No, the Stock Markets were relatively cheap even before the recession. The banking problems in particular slaughtered the financials (some literally) and all stocks were sold down the river, some out of panic and some to cover other loses.

So this is the bounce back after the news that most institutions/companies will survive and are or will be profitable again shortly and leaner and meaner than ever.

The other bad news will continue for some time - increasing unemployment, swinging tax rises and govt debt and later on, inflation. Nu Lie = No chance.

[moorfield]

Well my pension is now only just back where it was last October just after the crash, so still a long way to go.

[Fred Bloggs]

Hold on tight, it'll be a bumpy ride!

[Gordon Brown]

The economy is in a safe pair of hands.

[Turion]

The economy is in a safe pair of hands.

****

[Fred Bloggs]

The economy is in a safe pair of hands.

Thank you Mr PM, that is very reassuring to know coming from you.