It will just make you unnecessarily nervous...
All fundamentals point to up and away. However, TV reporting on equities for some idiotic reasons are all negatively biased.
Observe, reporters at CNBS start most reporting with negative news first, and positive second.
Example, this am, per-market, Darden lower numbers reported first, and Nike higher and great numbers reported last and actually minimized. There you have it friends, bad news sell more than good news, so press is nothing but negative, and low in objectivity.
I am sticking to Bloomberg for my info.
Therefore, I am concluding for my own account that I want to be long the financials and real estate. Tech, well tech is good and all, but I think that by concentrating in financials and real estate I will be able to experience the biggest bang for my money, because this sector should experience the highest upswing of them all.
There are toe reasons for this: 1. financials where the most depressed sector of them all. It virtually collapsed. 2. Financials are not always the leading sector, sometime they lag. In this particular instance, they have lead, because they have benefited from government money, buy, now that the economy is recovering, they will mushroom, because the sector, will see growth from the recovering economy. Another important aspect to comment on is the fact that I believe that with a lower dollar, and an imminent health care reform, we will see an explosion of manufacturing in the United States, good for financing banks, good for real estate.
I would like to remark the importance of the money multiplier effect caused by consumption and manufacturing stemming from a single market.
Manufacturing in the USA, for consumption in the USA should have a multiplying effect greater than outsourcing manufacturing for consumption in the USA that could me exponential.
All this, good for real estate and banks...
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