Stepping back into the investing world again briefly… I read my weekly e-mail from John Mauldin the other day (great stuff btw) and I ran across two charts the other day that were extremely interesting.
Either business is healthy & everyone assumes other people have problems, or everyone is over-optimistic right now and earnings are about to tumble.
Interpret as you wish.
Looks to me between the two charts that optimism shapes reality.
(boy am I optimistic that I’ll lose 20 pounds while society doesn’t)