|Interesting article. |
I firmly believe the stagnation viewpoint is the correct one. There is nothing new to "drive" the market. Every major bull market has had a flurry of activity surrounding invention or innovation.
Right now, there is just consolidation and management of position and share. That is not a recipe for broad growth.
Creation of new markets is key to broad growth. In the 90's, there were several new markets that finally made names for themselves - biotech, pharmas, internet, etc.
Until the next "new" thing is stumbled upon, there is unlikely to be a major upswing.
Anyone got a replacement to hydrocarbons(and all that bean dip you had last night doesn't count)?
The current economic landscape is looking, frustratingly, like the 70's. If anyone can review that period and determine how to squeeze some cash out of it, they should do well.