While this isn't "news", the underlying fundamentals of many US equities have dramatically improved over the past 18 months. If you have the capabilities, go back and look at the projections for 2010 back in January of 2009. Afterwards, check out the "real" numbers that have been put out during the first quarter of this year.
Their appears to be a disbelief in what is actually happening on the ground, thus it "must end badly" is the talk of the day. The "must end badly" approach sells newspapers, as the saying goes. This "can't be a correction, it must be the beginning of the end" is all we are reading, at least that is 90% of what I have been seeing in the press. Whether its politics, public policy, economics, environment, or whatever, the amount of people with a positive view seems to be reducing on a daily basis. "This is going to be bad" is about the only thing I read these days.
Maybe I'm too optimistic on a global level! I'm very cautious not to let this translate into my trading approach (the trend is your friend, etc...).
Their appears to be a "running to the hills" mentality these days, versus a get down into the muck and fix what needs to be fixed view of the world. I can't side with the "bunker" mentality. Caution, yes. Very appropriate. But a "head in the sand", hide now before it gets worse outlook is just a bunch of BS to me! The concept that global risks are so much greater today then at any other time in our history is just the biggest load of "manure". Global risks are constantly high, they are always in flux and rarely do they substantially improve for the better. It takes hard work and constant improvements in communication to keep up with all the various issues we face. I've never understood how running into a bunker solves much of anything unless you are in an actual war zone.
jmo
TO |
