Overwrought Bearishness = Stock Opportunities
Reading the recent news pieces, you’d think the world economies and stock markets are plummeting with no hope in sight. Even Bernanke and the Federal Reserve are issuing “dire” (AKA low growth) forecasts. Yesterday came this piece: “We Are Living in a ‘Modern Day Depression.'”
This bearish interpretation is not supported by the data. Rather, it’s a return to the overwrought mega-fears from mid-2010 and mid-2011. They were wrong then, and they’re wrong now. The best approach is to treat this year’s familiarity with contempt.
Here’s what is being said and what the picture really looks like…
This article is posted on SeekingAlpha.com
