Some Good News
March 11th, 2009
The fundamental force dominating the global economic condition right now is fear. The equity markets seem to have no other reality. Any rally of a day or two when buyers enter the market to take advantage of historic lows in share prices is then wiped out by the longer term, more powerful emotion of outright fear and increasingly entrenched pessimism..
The media does occasionally gives us the heart warming human interest story and tells us of jobs out there but serve this up only after spending most of the time delivering bad news with a tone of concern and a furrowed brow. We turn on the news, or open the paper with an expectation of learning of something else that sounds bad and, yup, there it is, another story of a company or a country in crisis or people having lost everything. Watching the stock market indices has become a …
