Just Another Overly Cautious Perspective

Just Another Overly Cautious Perspective

If you’re wondering why that’s the headline, take a look at the post today (10/9/2017) titled “Longest Recovery Ever, Almost” (Monday Morning Outlook From First Trust), and you’ll see a totally opposite point of view from what follows.

Differing opinions come out every day, but it’s interesting that these two showed up on the same day.

Here’s the other one:

Warren Buffett famously said, “Be fearful when others are greedy and greedy when others are fearful.”

Given that, the latest reading from CNN’s Fear & Greed Index may be cause for concern.

The latest reading of the index is 95 on a scale of 100, its highest level in at least three years.  That level is labeled by CNN as “Extreme Greed”, which would seem to qualify for Buffett-like caution, if not outright fear.

 

 

 

 

 

 

 

 

 

So, let’s go back three years.  How have things been?

If you’ve been paying any attention to what we’ve been posting, you’ve seen the key theme of a “plow horse” economy.

Nothing to get really excited about, just plowing forward.

And I certainly see no point in thinking “greed” has much to do with it.

Just food for thought.