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Given the macro situation at the moment volatility will remain and this will only change with a upturn in macro indicators and a coordinated effort from politicians from every government.
Another factor that might just signal the start of a upturn is the money Premier League clubs are spending once again.
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But optimists in Phoenix point to the decline as a harbinger of an upturn, albeit a tentative one.
And interestingly, the results almost always presage an upturn or a downturn in exits by a quarter.
But will it be a downturn or an upturn?
For investors, Realogy is really a bet on an upturn in housing.
Of those, he thinks, this downturn will be the worst, because it follows not an upturn but a mania.
The only thing we can be sure of, after a downturn, comes an upturn.
Fortunately, the special ends on an upturn, with a glimmer of enlightenment in this dark tunnel.
But an unhedged company would reap a bigger windfall from an upturn in the gold price.
But without an upturn in hiring, a resurgence of consumer spending seems unlikely.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com