Is the recession over ?? I strongly belive that .

Retail sales are up. Industrial production is up. So are housing starts, non-farm employment, exports and business confidence. Even department store sales  are finally turning around.

At the same time, inflation, interest rates, new jobless claims and personal debt are all, gratifyingly, down.

Is the recession over? Finally, after 22 months, the answer appears to be yes.says Newyork times ..

But before anyone gets too excited, a dose of reality. The difference between recession and recovery may be little more than a statistical technicality. The economy may not be falling, but neither is it rising very quickly.

The outlook is for more of the same: slow, perhaps even glacial, improvement. Unemployment may continue to rise for three to six months, perhaps longer. And there is always the possibility that the recovery will abort.

Still, moving up beats moving down. There is light, if only dim, at the end of the economic tunnel.

 It may go long for another six to 7 months as Mr Manmohan Singh prime minister India  says in another six to seven months the indian economy will come back to the growing pace  as or early years , He expects indian industrial growth will be around 9% .

 The only issue still is the mindset  of people who makes them sensible to spend in this period .  It may go out as economy hits around the lower levels / basic price /foundation levels . No one can say the foundation is not strong .

The crude price is going high to a good value, gold is looking for base , farms products are earning like we can lots of  reasons for good time ahead .

From last two months  the asian market and even indian  BSE is outperforming from the lower levels as its gaing in steady style .Its giving a hope to the time . Hope Indian industry will give you a good figures even in the slowdown period .

Coming to other sector , India enjoys a good time for agriculture and food products which takes more than half of the GDP growth . The climate is awesome in india and we are going to see the highest crop ever in the period .It may create a capital flow in the rural sector which owns a big market comparing the urban heavy capitalised sector .

Robert Doll, Vice Chairman and Global CIO-Equities, BlackRock, said there is more steam left in the current global market rally. “When we are in a waterfall decline followed by a foundation building bottoming process, we are going to see big moves in both directions as we make a foundation from which hopefully we can work higher, as the economy improves in 2010. Our guess is there is more to it. We don’t think the rally is over by any means.”

The trend doesn’t change. We are still in an uptrend. Yesterday told us that higher levels are not likely to be sustained in the near future. That means maybe we are looking for a consolidation and a choppy market just similar to the one we saw last week. There is nothing wrong in that. We have seen a very decent rally, let the market consolidate or move a little up and down, and then the next move will come in.

Overall the period may change to higher level of market and economic  gains . so i strongly belive the slowdown period is over  to beautiful times.