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Reasons to be Cheerful - Part 1

Posted Saturday, May 9th, 2009 by Neil Edwards

'Tis a brave man indeed that calls the bottom of the market.

Surfing through the week's headlines we have seen:

Add to this that base rate has been held at 0.5% for a second month, the FTSE100 is up 21% since the start of the year and RBS has managed to only lose £897m in the last 3 months (bonuses all round), it would be a glass-half-empty reaction indeed not to feel the smallest glimmer of hope.

Of course, it's not all good news:

A lot of this so called 'good news' is based on slowing rates of decline rather than a return to growth, but could we at least say that we are bumping along a rather stony bottom?

Like many of the small businesses that we meet, we are not experiencing a catastrophic downturn. The decision making process remains protracted, but the enormous fear that has prevailed since last October is subsiding.

'Tis a brave man indeed that calls the bottom of the market.

Let's do business.

Posted Saturday, May 9th, 2009 by Neil Edwards

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