We never draw any good conclusions from anything. Take oil. If oil is really coming down, as we heard endlessly today, do you know how good that would be? It would be such a major breakthrough. So many companies would be able to beat their estimates if that happened. It would be extraordinary.
Or when gold goes down, as much as I love the precious metal -- and I do -- when it goes down we should be thinking, "Hey, things might not be that bad after all." Or, "Maybe there is a plan that can save Greece and, while costing a ton, keeps things from cascading into a depression."
Or when copper goes down, maybe thinking, "China uses 35% of the world's copper and if it is going down maybe Chinese inflation will be going down with it."
Nobody says this stuff.
Which is why it is so darned gloomy all of the time.
Or when gold goes down, as much as I love the precious metal -- and I do -- when it goes down we should be thinking, "Hey, things might not be that bad after all." Or, "Maybe there is a plan that can save Greece and, while costing a ton, keeps things from cascading into a depression."
Or when copper goes down, maybe thinking, "China uses 35% of the world's copper and if it is going down maybe Chinese inflation will be going down with it."
Nobody says this stuff.
Which is why it is so darned gloomy all of the time.
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