An entertaining bit today from the FT (via Rupert Bumfrey) on the return (possibly) of optimism to the (maybe) markets (possibly). How long will it take before we start calling it another bubble?:
Immunised by pessimism-beating cheap money and higher government
spending, confidence has returned. The risk of a swine flu pandemic? A
run on face masks, not on markets. Chrysler's bankruptcy? At last! For
now, there is no such thing as bad news; the optimism is self-fulfilling.
