2009, what a year! Markets have done what they always do – surprised us in the short term. We have seen the JSE ALSI run from just over 17500 in March to just under 28000 at the end of December. That’s more than 54% up since March when everyone thought we were facing the worst financial crisis since the Great Depression. (And offshore market recoveries have been even more spectacular.)
During this time much has been written about the markets phenomenal gains and whether or not these gains are sustainable and one of the “new” expressions that has emerged has been the term “green shoots”, with particular reference to the “green shoots of growth” that commentators and analysts are starting to see…
I dont understand how this all works and dont understand wher
e all the growth is going to come from if consumers are cash strapped and not spending money…
And I cant help but think that with all this talk of “green shoots” has anyone stopped to think that weeds are green too?
