The global economy overall: Its a bull trap. Go read some newspapers following the US stock market crash of 29... "We believe the worst is over... The economy is fundamentally sound... Signs point to progress" It's eerie. People are so desperate for any good news that whenever a small, green chute pops up from the ashes, everyone disparately tries to convince themselves that it's really a fertile garden.
Domain names: There's still a ton of natural growth to be had. It's hard to assess situations like this, when the general economy is in the crapper, but an isolated fragment of it has a lot of natural value to realize. In the short-short-short term, I've seen an increase in activity in terms of conversions and inquiries, but nothing to make me say "hey, the worst is over!"