Nouriel Roubini, the New York University economist who accurately forecast the bursting of the housing bubble and the resulting economic contraction, has become famous for his pessimism—he has been the gloomiest of the doomsayers. Which is what makes his current outlook surprising: Roubini believes that the Obama administration’s policy makers—and especially the much-maligned Tim Geithner—have gotten a lot right. Pitfalls may still abound, but he is now projecting an end to the recession, and he sees growth ahead.
This, to me, definitely marks the end (R.I.P.) of the global financial crisis. Hopefully, we will not see anything like this during our lifetime again. This was my first experience in the markets (started in Australia in January 2009) and it has not been a pleasant one. Hopefully it gets better from now on.
Source: RGE
An excellent article in the aftermath of the financial and economic crisis. The article hints at the change taking place in the world. Globalization and the effects to nations and countries. What we have are the growing pains of the globalized world. The following paragraph has a particularly striking note.
The failure of self-regulation over the past 20 years—in investment banking, accounting, rating agencies—has led inevitably to the rise of greater government regulation. This marks an important change in the Anglo-American world, away from informal rules often enforced by private actors toward the more formal bureaucratic system common in continental Europe. Perhaps the state should not set the pay of the private sector. But surely CEOs should exercise some judgment about their own compensation, and tie it far more closely to the long-term health of the company. It will still be possible to get very rich—Warren Buffett, after all, draws a salary of only $100,000.
Emphasis mine.
Zakaria: A Capitalist Manifesto | Newsweek Business | Newsweek.com
There is a good summary of Dow theory about trends at Incredible Charts. Here are the basics.
Bull Trend: 
Bull Trend Start and End:
Bear Trend:
Bear Trend Start and End:
A confirmation on timing from IMF:
We expect to get out of the crisis early in 2010, especially if a clean-up of certain segments of the financial system is carried out," IMF managing director Dominique Strauss-Kahn told a conference in Morocco.
Speaking later in a panel discussion, Mr Strauss-Kahn said signs that the effects weighing down the global economy were easing would become clearer in September and October this year, with growth returning early in 2010.
As suggested elsewhere, markets tend to bottom-out six to nine months before the real economy.
Business Spectator - World to emerge from crisis in early 2010, IMF chief
Just found another option for foreign exchange and international transfers.
Xylo (link) offers direct debit facility, competitive exchange rates, and charges $5 per international transfer. Xylo is a division of Westpac Banking Corporation.
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