We have hit bottom and are treading water.
Expect more 4th quarter results like this to come.
‘Expect more 4th quarter results like this to come.’
In what year ?
I think your right. Unemployment will continue to increase, but the numbers reported will be be going down, largely due to people who are just dropping off.
Real estate will be still be in a slump, likely through the rest of the year and won't increase until unemployment recovers. Estimates I've seen have placed that out for 5-6 years.
Commodity prices are increasing, largely due to the capacity and inventory being still being depleted.
The Chinese currency is likely to increase in value against the Dollar this year.
There is still a very real potential for another economic mess due to the high degree of leveraging that Private Equity has done with their portfolio firms.
All in all...treading water is as good a description as any. Unfortunately, at some point you need to actually swim to the shore.
Every time I see one of these bad news reports come along I expect the market to drop. But it doesn’t. It just keeps going up. What am I missing?
Alcoa can’t wait!