I open the Bloomberg News today, and among the Top Worldwide news I find a headline "Asian Stocks Advance On Optimism Recession Is Ending ..." Wow, that sounds a bit bullish? Well, if you click on the headline, the content appears (including the headline itself, that is changed to be "Asia Stocks Rise on Falling U.S. Jobless Claims, Auto Upgrades") somewhat closer to Earth.
It is Good Friday!
Yes, and HT Dean Baker, Time Magazine says: "More Quickly Than It Began, The Banking Crisis Is Over". Well, and I am surprised that it is written by Douglas A. McIntyre at 24/7 WallSt. Roubini, with the gang, appears to be off the mark, total barbarian? Why should banks stay mum on "Stress Test" results?
Calculated Risk also sees a lot of "Glimmers of Hope".
I quit some time ago, but what are media guys smoking?
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