Monday, May 17, 2010

UK industrial production turns up

The U.K. economy has been especially hard hit by the recession, but even there we can find some green shoots. Industrial production finally appears to be picking up, after being flat for over a year, a good indication that the economy is once again growing. 


John said...

The euro-negativism has continued to expand adding fuel to the stock market correction. I have added to my long positions in TEVA and POT today.

I am expecting a bounce within a day or two. We are very oversold.

I see today where Europe is 15% of S&P 500 EPS. A slowdown there is not a game changer for our economy. The upside is the dollar stays strong, treasuries stay strong, mortgage rates stay low and the Fed stays on hold longer.

This correction reflects fear...and fear is the friend of the rational investor.

Benjamin Cole said...

Well said, John