Global anxiety

Yeah, that’s the ticket…

Fear

According to Roger Cohen of the New York Times, “America's moment of reckoning is global. Economic anxiety has spread far and wide, as far and as wide as the hopes vested in Obama. This moment of moral opportunity is not confined to the United States.”

While there are serious financial blunders behind the current world-wide economic problems, fear is definitely the main hindrance to recovery. Until it leaves the market, things won't measurably improve.

Opportunity

As I have said before, because the markets have beaten down “good stocks” along with bad, there are excellent opportunities to be had to invest very cheaply in well-run, profitable companies. Some investors have realized that, but more need to return to the market.

Hope

The US has a new President-elect, who sees things much differently than the current one. He have assembled an impressive team of economic advisors. Hopefully they will come up with plans that will help turn the economy around and that Congress will let those ideas have an opportunity to prove themselves.