Rally on world stock markets - Glimmer of recession recovery?

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There are a few sparks that could show that the present recession is bottoming out the US report yester day that the consumers are still buying the latest statistics show that sales are only down 1.5 % that was much better than prior media hype was suggesting.

Last week showed three day small rally on the US Stock Market

Stocks finished higher on Thursday for a third day.

The Dow Jones industrial average closed 239.66 points, or 3.5

Percent

The US stock market show a small dip but today we have another glimmer of hope..

Today  The Dow Jones  industrial  opened 6930.40   it’s highest point today so fare on a rally is 7184.71 points

NYSE Dow Jones  to see the small rally to day

To me that gives a good pointer to stability and I glimpse a glimmer of light at the end of the tunnel concerning investors gaining a bit of confidence.  I am specifically looking at the global market place for these glimmers of light showing the beginnings of confidence as we get nearer to the date of publication of the first years quarter statistics.

Now a look at what is happening around the world adds to the pointers and I really do see a glimmer of light at the end of the tunnel. Its not bright but it is looking good.  I am hoping that confidence will kick in and the only way forward is upward to a recovery. But media hype of doom and gloom of course slow down progress at first.    

            Index                                        Change %Change

Australia           ASX 100                     86.7                 3.24%

Australia           ASX All Ords              100.9               3.16%

Australia           ASX Mid-cap 50         87.5                 3.16%

Hong Kong      Hang Seng                    430.44             3.59%

Hong Kong      HSCC Red Chip          85.33               2.97%

Japan   Nikkei 225                               340.76             4.73%

Belgium            Bel 20                          23.79               1.44%

Europe DJ Stoxx                                  13.05               0.77%

Europe Euronext 100                            2.95                 0.64%

Europe Euronext 150                            7.38                 0.89%

France  CAC                                       20.05               0.75%

France  SBF 80                                    36.1                 1.21%

France  SBF 120                                  15.6                 0.81%

Germany          DAX                            42.12               1.08%

Germany          MDAX                         40.03               0.92%

Germany          TECDAX                     -2.45                -0.57%

Netherlands      AEX                              0.98                 0.47%

Norway            BRIX                             0                     0.00%

Norway            OSE Industry               -0.51                -0.03%

Sweden            OMSX All                    4.33                 2.18%

UK      FTSE 100                                 18.25               0.49%

UK      FTSE All Shares                         9.15                 0.49%

UK      FTSE Eurotop                          10.16               0.68%

UK      FTSE Techmark                       15.62               1.34%

Canada            TSE 300                     271.25             3.39%

Canada            CDNX                         19.52               2.37%

Canada            S&P/TSX 60                15.77               3.23%

You can check out my research source money.cnn.com where the light is poking through the clouds of depression.  I hope I have pin pointed day one of the recovery, but of course my good tidings will be depressing to the doom and gloom merchants.