If you own the right stocks, it’s as if 2007 and 2008 in the stock market never happened. Take a look at $IBM $ORCL $AAPL $BIDU $MCD $CMG for example.
Of course, most people panicked in 2008 and few have bought back.
I was flying all day yesterday and treated to some MSNBC blaring from every television in airports and it was frightening. Too many people are not getting fresh air. Too many politicians are supremely underqualified.
There is a disconnect between what is happening in the markets and what is happening politically in this country and it is most noticeable at the fringes where I invest. Thousands of start-ups with fantastic energy and optimism. They dont even OWN a television or read a newspaper. On the liquid end of the spectrum, hundreds of momentum stocks with thick volume are hitting all-time highs.
BUT, there is this big, fat, ugly middle that is getting bigger, angrier, dumber and further away from having the skills to want the fringe benefits.
Do not ignore them if you are having fun at the edges. They are coming for us.
Actually, with the right stocks like $CRM $NFLX $AAPL etc, it is way better than pre-meltdown highs.
“BUT, there is this big, fat, ugly middle that is getting bigger, angrier, dumber and further away from having the skills to want the fringe benefits.”
Since when does one need skills to want something?
“a disconnect between what is happening in the markets and what is happening politically in this country”
Do thousands of motivated startups mean that 1 out of 5 working-age people in the country are NOT un- or under employed (and thus losing skills through no individual fault of their own)? Because they are.
Does current high multi-national corporate profits actually mean that U.S. GDP is growing fast enough to maintain middle-class incomes (hint: it doesn’t)?
I’m guess I’m not sure of your point – whether the “big, fat, ugly middle” is a reference to a demographic category of American peoples, or some Gaussian distribution of capital returns to the investment market.
i believe both re returns and employment
I used to work at MSFT & I don’t see them on your list, Howard. This is a concern.
Looks like +61 seats for the fat middle, -61 seats for the thin coasts.