When I look at the FTSE all share graph for the past three months, I see something that I havent seen for at least the last twele; fairly constant, if not timid growth. I find myself asking the question, "Is this growth as sustainable as it looks on paper?"
In order to answer this question I began to look at news and statistics from the time that this growth began. I found that the growth began with the announcement of the controvercial 'rescue plan' that the UK government has announced, and is still attempting to apply.
This fills me with both joy and dread; joy for the ammount of confidence that the stock market seems to have in this rescue package and dread when I imagine what might happen to the stock exchange should this rescue plan fall apart.
though this growth is somewhat timid and slow in its nature, it is a welcome change from the unrestricted freefall that this economy has witnessed in the past seven or so months. I live in hope that this will be the start of a recovery, but common sense is telling me that we haven't quite hit the bottom of the slump just yet. Things are likeley to get worse before they get better for the FTSE.
The Government coult yet prove me wrong, and I sincerely hope they do... I vote for them after all.
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