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Has The Recession Ended?
JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 13, 2010) - www.rothmanresearch.com - Any trader playing the market in recent weeks might have felt that the palpable bullishness is a sign that the worst is behind us in terms of the recession. Well, there have also been new job creations, an increasing employment level in March and a surge in consumer spendings; positives that would predispose an end to the recession and an economy moving back on track. Bed Bath & Beyond Inc. (NASDAQ: BBBY) showed an impressive acceleration in its earnings growth, pulverizing Wall Street's estimate. The company's same store sales were up 11.5% which brought about a 60% surge in net income. Many on the street believe that this impressive comeback of Bed Bath & Beyond, after years of struggle, is one more sign that the economy is out of the financial malaise.
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