Logic

The Chinese PMI went up but the world is not buying as much goods.  Wall Street went up but the Yankees are trying to deal with their ever growing debt.  South Europeans only know how to protest when told they have to start working harder and pay their taxes.  Even the French has been downgraded.

The Middle East remains embroiled in tit for tat skirmishes.

But the markets think the trough has been reached.

The logic just does not add up...  But then as one would say sarcastically, the fund managers and stock tippers know best and they get paid whether the markets go up or down.  Meanwhile, I am waiting for IDL to be transformed into cash by the GE takeover.  Another good Aussie stock vapourizing...