不少分析員預測2009年上半年的股市重整將於5月到7月份結束。有人認為那是在基金活動與低息環境下，市場一片「艱難時期已經過去」的氣氛所致。究竟接下來恆指會繼續上試更高位，還是投資者會重新審慎？ 政府早前預報香港將面對持續經濟衰退及失業率上升，但偏偏許多投資銀行卻提升他們對房地產前景的預測。究竟因何所致？ 美國部分最大型銀行已開始向美國政府為海嘯而設的「不良資產救助計劃」(TARP)還款，這是否標誌著美國經濟走向復甦？還是另一經濟危機會促使銀行再向政府乖乖俯首請救？ Many analysts have predicted the 2009 first half stock rally would end in May, June and now in July. What has happened to the market? Some suggest fund flow, under the low interest environment, along with sentiment bouyed by the prospect that the worst may be over are key reasons for the surge. Will the HSI test an even higher level in the second half? Or will investors see a major correction? The government is forecasting more economic contraction and rising unemployment, but for some reason investment banks are upgrading their forecasts for the property sector. And we are seeing some signs of a rebound in property. Money magazine looks at what we can expect going forward. Some the biggest banks in the US have started paying back the money given to them by the government under the Troubled Asset Relief Program(TARP). Is this a sign the corner has been turned on the road to economic recovery? Or is there the danger that if there’s another drop in the stock market that the banks will have to go back to the government, hat in hand?