By our reckoning, this is not a recession…this is a depression. In a recession, the bull market formula still works. It just needs a little time to rest…catch its breath…work off inventories…and rebuild cash accounts.
April 23rd, 2009 | Bill Bonner | 3 comments | Continued
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The Markets
All Ordinaries 4359.400 +36.800
S&p/asx 200 4285.100 +39.800
China Shanghai Co 2351.854 -0.126
Gold Sep 11 0.00 0.00
Clj11.nym 0.00 N/A
Nikkei 225 8999.18 +52.01
Indu 0.00 N/A
S&P 500 1342.64 -9.31
Ftse 100 5852.39 -43.08
2012-02-13 00:35 Most Comments
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