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April 01, 2009

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jimcos42

I'm actually surprised there are no comments yet. Perhaps it just attests to the depth and breadth of the gloom.

But I too have been imagining the creativity and energy going into projects that will drive and sustain the next expansion.

Each expansion in recent history has been driven by technologies called "new." Autos, electricity and the radio in the 1920's; consumer durables and electronics in the 1950's-60's; information technology and the emergent global economy in the 1980's-90's.

I don't sell any financial products, but my premise is that the S&P500 is going to 10,000 by mid-century (give or take a few humdred points and/or a few years). I look around and see a lot of bright, articulate young people (under 30) being bright-eyed and bushy-tailed, and I'm encouraged. That's the side of the street I want to stand on.

Press on.

Omar

Deep article. We can be consumed by so much negativity that we miss the beauty of life.

Kent @ The Financial Philosopher

jimcos42 & Omar:

I appreciate your comments! Naturally, the emotions of "the moment" will dominate our perceptions of the present and plans for the future. Often, and to our detriment, this behavior can be quite costly to our finances and overall well-being.

In good times, we form bad habits and overlook negative potentialities; and in bad times we form good habits and overlook positive potentialities.

No matter what the environment, one should keep their eyes and mind open to those things developing that emotions will hide.

Thanks again for comments...

Kent

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