Global Shock Therapy
Over the decades, the world economy has experienced several prolonged periods of stress and disruption. The U.S. has always been able to recover and achieve new heights in terms of domestic economic output, even as its share of global growth contracted. There should be little doubt as to why the general disposition of the American people, and investors, is one of optimism and hope.
In recent years, hope has receded and been replaced by a quiet malaise, as the U.S. economy flounders, politicians blunder, and the corporate elite plunder much of the national income. With the economy generally flat on its back and the U.S. Bureau of Labor Statistics' measure of the national underemployment rate stagnating near 15%, the public has been disgorging itself of equities for several months. Rather than interpreting such action as predominantly sentiment-based, I see it as demographic-based. Although much of the investor class is disenchanted with the shenanigans of Wall Street and corporate America, they simply need the money to subsist....578 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.