I'm no economist and I certainly did no research. I have neither volumes of literature, nor data or statistics to back me up. But rather than listening to the talking heads on CNBC and Bloomsberg, why not try one of my observations for a change?

I got reminded that we are in a recession by a French flutist at a gig I attended last night. If news has reached as far as to a band of travelling hippie-musicians, surely we must have lived through the worst of it all already?

You know the adage that it is time to get out of the markets when cab drivers are tipping you on stocks? Well, maybe this is just the same, only in reverse.

Eat your heart out Roubini, it's time for a celebration, Champagne anyone?