That's very frustrating, but earnings are still what it's all about. Investors look at annual performance, and they're not always patient to sit with a company for a long time. |
The economy will start screaming uncle eventually. |
The market is taking any minor shred of optimistic evidence and putting it into the price. People are worried that they are going to miss out on the bottom. |
The only way around this is to diversify. |
The persistent increase in oil prices is worrying me again. |
The S&P 500 is still less than 70 percent of the entire market, so in order to diversify your holdings you have to hold some mid-cap and small stocks. But my major message is that you should not expect that you're going to get a higher return on those stocks than you will on the big stocks, |
This is a major, major act of war and act of terrorism that will have widespread economic consequences. |
This ultimately hurts the return on the S&P 500 going forward. |