Originally Posted by 4444
(Post 7593916)
let corporate earnings disappoint? not sure where you're getting that from, just another one of your 'speaches' without foundation
corporate america is lean these days, they are selling internationally on a much smaller staff and cost base than ever before, and as such are profitable. now, for the economy on the whole, and especially in america/europe, this is not good, as they remain in a position of not hiring, but from their perspective, they're selling around teh world, with huge growht in asia (compared to relatively small amounts 10+ years ago), so they aren't reliant on a strong US/european economy
i want a strong US / european economy more than anything else, but corporate america is trucking along nicely
maybe my comments are more long term in nature, but i'm not widely going around tell ppl to buy financials (whcih isnt' working out so well thus far, in the 'short term') - i'd say buy companies that you believe in, well managed, well positioned, strong balance sheet, which you believe in for the long term
hell, look at CAT (a company i own), Cummins, and other WELL RUN industrials, ppl are pissing themselves about a potential downturn in the economy, but are they cutting outlook? no, they realize that growth in asia is a long term thing, china cannot change course with respect to its capital programs until at least 2020 - people talk about empty shopping malls and whats not in china, and call for the end of the world & a hoax of an economy... but china is building an infrastructure to house 70% of its inhabitants in cities (in line wiht US/europe) for the long term, so yes, they may build too much today, but its a lot more efficient and cheaper to prebuild than build after hte fact (as in that situation, they can't meet their 70% target)
again, maybe its because i have a longer term outlook, but if i were buying, i'd be slowly buying plenty of mining, gold (which i do own plenty of), ag plays (deere, dupont) whilst having some dividend protection. but i have a feeling, a conservative, long term view, diversified portfolio isn't en vogue with the majority here
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