Posted by carries > 2011-12-01 12:07 | Report Abuse

Would be a very nice early X'mas present ......

Posted by stephenlee > 2011-12-01 12:24 | Report Abuse

X'mas Present? In US people are camping outside the canopy without a simple home and nice hotmeal since the sub-prime crisis. Why has the US general enconomy has not improve since then.

Posted by stephenlee > 2011-12-01 12:35 | Report Abuse

Do we think there are good recovery rally for the next few weeks- possibly all the way to the Chinese New Year when the price of oil rise more that US100.00 and Gold keep on rising. Is there much purchasing power in the US and EU as each nation are cutting doen their budget and China Production Index are falling.Australia has recently increased the mining taxes indirectly slumping China import of raw material like iron ore,copper, coal and other natural resources. Hope that the Glodal Climatic changes for the next few months will not bring in numerous disasters and misery to the coming new year. GBU

Posted by carries > 2011-12-01 13:18 | Report Abuse

The situation in the US is improving, though extremely slowly.
The correction unfortunately, was long overdue.

While it may have been a very fast, sharp & painful correction, normally in such cases, the recovery will also be faster.

It would have been better to name Greece or Italy as your example.

(By the way, it will also happen here, sooner or later.)