Interesting ObservationThis evening Bloomberg's "Evening Briefing" included some interesting US economic activity that relates to the market and might be reflected in ours. The article included the following.
'Another day brings another wave of mea culpas over the US recession that never happened. Indeed, there are increasing signs that CEOs don't think a downturn will strike anytime soon. Across the country, they are opting to reinvest more of their profits in expansion projects rather than handing the money back to shareholders. New data shows the average company pushed up capital expenditures by 15% in the second quarter and buybacks among corporate clients have been tracking below seasonal trends since May. This after Bank of America joined the party and reversed its recession call.'
Doesn't fit GH's situation but if that is a trend it could have some impact on us down the road and it could very well be a positive impact.