Here are ten bright spots to savor amid the economic gloom.
Kate O'Sullivan, CFO Magazine
January 1, 2009
An interesting and optimistic read which is needed at this time for many. One way to view this article, and perhaps the world: nothing is as bad as it is when bad and nothing is as good as it is when good. The glass is always half empty and half full: only the observer can decide what is perceived but the reality is there is always half of any given thing at any given time. All it takes is time to regress to the mean in the long run. That is the central tendency limit theorem in many mathematics and the same holds true for economics and social spheres. Pure speculation, but it sounds palatable.
Posted by David Newman | January 06, 2009 08:12 pm
Just because stocks are 'cheap, there is no reason to buy now. There is NO effective, meaningful P/E. E is non existent! "Past performance is not a guide..." as the WS saying goes.4Q earnings have not been reported and with increasing bankruptcy filings and continuous negative economic signs and warning about '09, cash equivalents are the only safety zone for investors. Even with massive Fed pump priming we will be amazingly lucky if the economy "bottoms out" by early 2010 L.H. former WS corp analyst, biz school lecturer and author of "Making Sense of Accounting Information"
Posted by Leon Haller | January 06, 2009 11:29 am© CFO Publishing Corporation 2009. All rights reserved.