I can’t sing a lick, but a tune from the Rodgers and Hammerstein musical South Pacific came to mind as I was thinking about the pervasive pessimism in so much economic and market commentary.
Recent posts tagged ‘markets’
As we sat around after a recent family cookout, talk turned to the stock market’s recent gyrations.
The older folks (I am, of course, in that camp) were grumbling about the spring slump in stocks. After listening to his middle-aged relatives talk about the damage to their retirement portfolios and their varied views on the market, my 20-something nephew, Rob, confidently said he saw no reason to fret.
“I just keep the zoom theory in mind,” he said.