Sunday, January 1, 2012

A President’s Moods and Sentiments

I have in the past discussed how moods are relatively long-lasting emotions; sentiments are shorter-term. They can affect how stock market cycles react and can precipitate booms and busts in industry.

Therefore, our chief cheerleader is naturally the president. In the midst of a deep recession, he should never make it a practice to single out an industry, whether industrial, communications, banking, insurance or lender of any type, as a scapegoat, when he wants the economy to recover and produce jobs. (See the Earl J Weinreb NewsHole® comments.)

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