Recession, is the worst over?

[temi]

According to Times online

A wave of euphoria swept world stock markets yesterday as investors piled back into shares, betting that the worst of the global recession had passed.
Rising spirits among investors sparked a powerful rally in shares on both sides of the Atlantic. Leading experts predicted that it marked the beginning of a bull market, with share values back on course for sustained gains over coming months, and perhaps several years.
The burst of optimism came as a more bullish mood took firm hold. It was encouraged by a series of upbeat indications that the world recession may have bottomed out.
In London, and in stock markets across the developed world, shares have erased all of the losses inflicted by the economic slump since the start of the year.



Could it be that the worst part of the recession is over and thing should start making its long way back to normalcy?

[jay]

From the latest updates about the professionals who get fired and now homeless in US, living in a tent city or the street, I think recession will never be over until they have their job back or at least have a new job to start with. It's quite alarming to learn that their numbers is still increasing. :help:

[forumrating]

i still feel some more after effects are pending yet, as companies like sony and panasonic have recently declared to cut down on production with lowering demand, there could be companies which are left out of the recession could yet fall in trouble now.

[temi]

I quite agree with you Business Meet, it was announced that the EU economy shrank by a larger margin than expected, some economist say we have seen the worst and other said the worst is yet to come. I guess we just have to wait and see