Surface Calm
Posted on April 14, 2010 by David Laidlaw The rebound in the equity markets continued during the first quarter of 2010, building on last year’s momentum as the broad indices increased by 4-6% over the period. The only blip resulted from anxiety regarding sovereign debt and the ability of governments to repay their debts. Though by no means settled, it is now assumed that the Europeans, possibly with the International Monetary Fund’s help, will bail out Greece without leading to another round of financial panic. The steadiness of the market’s climb during March has been…