Hi Tony, RE: "You should bash them in the head. The pundits say we have to have capitulation before the bottom gets put in."
Sure feels like a bottom to me. Pretty hard.
This felt harder than the 20% drop last year in Sept.
In one of the press releases this week, Bill Gates said something like, folks should not get defocused or worried about the stock market, and he talked about future technologies. I really found his comments reassuring, like there's a tomorrow kind-of-feeling. I like it when the industry leaders issue encouraging, visionary comments like that once in awhile. When a politician tries to do this, it just doesn't have the same credibility, vision, or impact, no matter the party.
Though I couldn't believe a comment that came out of Toshiba last week, "we are entering a structural depression." Not exactly motivating. That type of talk must impact their GDP and consumer/business confidence. No wonder Japan fell off a cliff last month.
Well, I think we've hit the bottom. Maybe we can start talking about growth and recovery now.
Because the contraction was so steep and because there was so much cost cutting this year, when the numbers come out next year, I think the YOY growth will be good because the base comparison will be to an incredibly bad year.
How's that for bullish talk. Bet you haven't heard that in awhile?
Regards,
Amy J |
