yesterday talking manager with a friend of a large supermarket chain confirmed to me that the crisis is far from over. The first two months of 2011 saw a significant decline in sales (something like a -5 -6% on an annual basis and are beginning to see major increases in price lists.
I mean in the real economy struggling to reach the spring.
markets are difficult, very difficult because they have a prevailing direction. They are there: one day up and one down. It is difficult for traders to give directions. Maybe now it's best to stand still waiting for a new directional trend.
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