otherwise know as " The Danger Of group Think. "
As an relatively old-timer I have come to know that when the market achieves one of it's defining moments of group think it's always wise to begin exit strategies.
As of today the overwhelming mantra is : The US is slowing more than thought but that doesn't matter because US companies are finally making more overseas than here. The weak dollar is good because it makes our bonds cheaper when bought with foreign currency. I have to say I'm not ready to throw in the towel yet on America's significance in the free world markets... and I'm leaning to us bringing down India and China in short order. This 3% earnings barrier we were all guided towards is complete BS I'm looking for about 15% from most of my companies no one I talked to was looking for 3%. So 6%... Inline. Massive lift off inline earnings, danger of group, think no wall of worry to climb, this will shoot itself out.
The bull market is so very old and one wonders if this is how it ends. We lumber and lumber without getting very far in expansive terms this bull market has returned far less than most, we take a long time to go from 11,000 to 12,000 and then 15 X as fast we gallup to 13,000 it does have a last gasp feeling to it in my book...
As an relatively old-timer I have come to know that when the market achieves one of it's defining moments of group think it's always wise to begin exit strategies.
As of today the overwhelming mantra is : The US is slowing more than thought but that doesn't matter because US companies are finally making more overseas than here. The weak dollar is good because it makes our bonds cheaper when bought with foreign currency. I have to say I'm not ready to throw in the towel yet on America's significance in the free world markets... and I'm leaning to us bringing down India and China in short order. This 3% earnings barrier we were all guided towards is complete BS I'm looking for about 15% from most of my companies no one I talked to was looking for 3%. So 6%... Inline. Massive lift off inline earnings, danger of group, think no wall of worry to climb, this will shoot itself out.
The bull market is so very old and one wonders if this is how it ends. We lumber and lumber without getting very far in expansive terms this bull market has returned far less than most, we take a long time to go from 11,000 to 12,000 and then 15 X as fast we gallup to 13,000 it does have a last gasp feeling to it in my book...