<<<I was saying that it's not all about one man in today's complex world. Many IHUB posters seem convinced that it is.
It took a long time to construct this complex crisis in which we find ourselves, it can't be solved in a month. At least I'm willing to give this administration a fair chance.>>>
I agree. What has me troubled are the things that are being done. there is nothing on the supply side to encourage production, even in the housing issue, Obama's plan calls for reducing the deductibility of home mortgages for those who make more than $250K. Just one example of multiple contrary policies.
I actually ignore what comes out of Washington as for the most part we tend to adjust and get over it all. But day after day it is something new that just makes one not want to invest. it is turning into a culture of malaise as well. This has to bottom out somewhere. I am looking for that point as I am not seeing it in any policy initiatives, and I'm not seeing it out of any rhetoric from Washington. Where else do we turn to try to ascertain this "malaise" or lack of confidence bottoming?
Until it does I would not mind seeing a company like VRTX fall back into the teens, or a copany like Genzyme or ISIS moving to attractive levels. If nothing is wrong with MNTA what is it with that 20% crash today.
All in all, it takes a hell of a lot to move me to cash. Been through multiple crashes and too stupid to move to cash. What I am seeing now is the first incident where I've actually moved to cash. And that is reflected in the record savings rate reported today, and what I am seeing as this culture of malaise which is much more then the financial crisis, or at least has grown into much more than this. That is at least my perception. As such, the use of the bully pulpit and policy initiatives is a powerful force to attempt to assert some optimism and change the culture back to we can instead of we can't "help us".
Hoping others out there can ascertain how we find the bottom of this psychological malaise, loss of confidence, so we can start putting money back to work. I may perhaps be too close to it now to see through it. But I presently do not see anything coming from Washington to remedy the situation either financially or culturally. Just the opposite. And that is where my malaise has started coming from and I'd like to find something to give me a bit of optimism.
Tinker
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