We had this little discussion a few days ago and althiough we had a puke on the way up today the news reads good ..so maybe we are on the rebound..

I thought that the market was turning around according to some of the perlimiary data I was reading ..But Now I feel vindicated..just a few days early..but I would rather be early that miss the party..For what it is worth ..PXL Palister Oil and Gas has looked good to me for the past 6 months when I put 3000 shares in our TFSA's at .67 I could have got it cheeper had i waited..but that is me..If I'm buying i want it now..(Bad,impatient Me)

It is still under .70 and should do well.

PXL..

So here is the news this morning..Let te run begin!!!!

"There are signs that momentum is building, albeit slowly, in the pace of the euro zone recovery, and in China too."

The world economy has struggled for momentum, hobbled by debt problems ravaging Europe while China grapples with waning foreign and domestic demand for its goods.

But Markit's Flash Composite Purchasing Managers' Index (PMI) on Thursday showed business activity across the euro zone picked up this month at a faster pace than expected, bouncing to 51.7 from last month's 50.5.

Anything above 50 indicates expansion.

It was the highest reading since June 2011 and beat all predictions in a Reuters poll whose median forecast was for 50.9. Readings above 50 signify expansion in activity.

An flash composite PMI from Germany, the bloc's largest economy, showed the growth rate was the fastest in seven months. In France, however, activity declined across the board.

A sister survey from China rose to a four-month high of 50.1 from July's final reading of 47.7, although only barely passing the watershed 50 line.

The Chinese government has announced a series of targeted measures to support the economy, including scrapping taxes for small firms, offering more help for ailing exporters and boosting investment in urban infrastructure and railways.

"It confirms that the economy has stabilised in the short term and downside risks for (the second half of the year) have declined," said Zhiwei Zhang, China economist at Nomura in Hong Kong said of the PMI.

The flash reading for U.S. factories, due at 1258 GMT, is expected to come in at 54.0 compared to July's 53.7.

GROWTH GAIN

PORTEE