The good news:
* Dollar Index is up, largest since April of 2006, .66%
* Personal Income is up .4%
* Consumer Spending is up .6%
* Personal Savings is up 5% - largest increase since
March 1995, yes, this is a whole number, 5%.
Friday I participated in a conference call with panelists from Genworth Financial Asset Management, Goldman Sachs, Litman Gregory and JPMorgan offering their perspectives on the current market volatility and the long term prospects for recovery.
Recap:
* Market continues to fall; Lack of Leadership
* Success of the Stimulus-feel optimistic, believe the size and speed (unlike Japan, which lasted 10 years) is going to help recover much more quickly
* Incredible Opportunities
* Success of the Stimulus-feel optimistic, believe the size and speed (unlike Japan, which lasted 10 years) is going to help recover much more quickly
* Incredible Opportunities
* US was first in and predicted to be the first out of the decline
* Convictions of the many tactical changes to portfolios will be rewarded
* Expect 2009 to be the same roller coaster ride; market is up 400 and down 280, as suggested 4th Quarter of 2008
* Demographic researchers are predicting sharp rises and falls, with a bounce between 11,000 and 12,000
* This is not a cause to abandoned Fundamentals
* Managing very proactively with great sensitivity
* Expect 2009 to be the same roller coaster ride; market is up 400 and down 280, as suggested 4th Quarter of 2008
* Demographic researchers are predicting sharp rises and falls, with a bounce between 11,000 and 12,000
* This is not a cause to abandoned Fundamentals
* Managing very proactively with great sensitivity
1 comment:
I love your positive enthusiasm... and you are right on track.
Thanks for keeping the faith, sister.
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