I don’t have a lot of time today as family is here, and my family is big. When we are together, the energy draw is immense. Yesterday, the kitchen reminded me of Times Square in New York City. The flow of traffic in and out was constant. The cacophony is similar to Times Square as well. Adults talking, the TV blaring football noise, and screaming small children energized from the mass of people in the room reminds me of people shouting, cars passing, and horns honking. And getting the group to go anywhere is like trying to collect mercury on a table – every attempt you make to get the mass to move in one direction is simply futile. Yup! Thanksgiving is all about family …
I just love the world of market punditry. For the last several quarters, the talk has been about doom and gloom regarding China’s economy. Why just a couple months ago, many were singing a tune of woe about the economic problems in China. Funny how the tune changes with a preponderance of evidence suggesting otherwise.
The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a 13-month high of 50.4 in November, the latest indicator of recovery in the real economy after data showing solid credit growth, firmer exports and rising industrial output in the previous month. A sub-index measuring output rose to 51.3, also the highest since October 2011.
I guess the wild-eyed wanderers missed it this time on their prediction of a hard landing for the Chinese economy. Oh and speaking of those in the know about how bad things are …
Chinese data followed an overnight report showing U.S. manufacturing grew in November at its quickest pace in five months. A rise in domestic demand hinted that factories could provide a boost to economic growth in the fourth quarter.
Folks, just keeping putting your money into the market with care and the return will be there. Fear will get you nowhere in this game. Besides, one maxim in this game is to follow the smart money, right? For all the hoopla about the fiscal cliff, the US debt, the euro demise, the end of the Eurozone, Greece leaving he EU, Spain defaulting, and China’s economy falling below a 7%,GDP growth rate, check out the VIX. The renowned fear is sitting at the 15 level.
Yup! Keep your money working right through the holiday season and into next year. Remember, ultimately it is all about business making money and if the hordes of folks crushing the stores today is any sign of business making money (and it is), then the market will be good to all of us.
I hope your Thanksgiving provided sustenance and a break from normalcy for you. It did both for me.
Trade in the day; Invest in your life …
