Despite the tumble we took yesterday with Goldman Sachs, I think I am finally convinced that the economic turn is real. Other than the budget deficit (which I am very nervous about), companies are exceeding earnings and there are a number of positive signs. I think even employment and housing will slowly improve.
Coupled with the health care legislation (and I do not want to get into all that), the 2 major keys to ER (mine anyway) of a decent economy throwing off normal or near normal equity returns, and access to health care at a somewhat affordable rate, seem reasonable.
Last spring, I thought ER was dead, possibly for 10 years or even longer.
Now perhaps even tomorrow it is possible (though I am still too chicken).
The wonderful thing is that I hope to look back a year from now and say the spring of 2009 was the bottom and the spring of 2010 was when we really started to get going. OK, who wants to burst my optimism?
Coupled with the health care legislation (and I do not want to get into all that), the 2 major keys to ER (mine anyway) of a decent economy throwing off normal or near normal equity returns, and access to health care at a somewhat affordable rate, seem reasonable.
Last spring, I thought ER was dead, possibly for 10 years or even longer.
Now perhaps even tomorrow it is possible (though I am still too chicken).
The wonderful thing is that I hope to look back a year from now and say the spring of 2009 was the bottom and the spring of 2010 was when we really started to get going. OK, who wants to burst my optimism?