Everybody is entitled to their own opinion, but I do not agree with most of this:
There is a big difference when weighing/looking at earnings versus profit(s).
Multinationals are profiting on a devalued dollar and near zero interest rates.
I do not think stocks are fairly priced right now on earnings or many other factors.
We're not yet in a correction, but we're heading towards one, and yes it should be a short-term correction. However, it will be one based on longer term issues that we still haven't been able to fix for what is now three years in the making.
No way we see higher highs this spring/summer.
Europe and China will not create zero GDP growth in the US in the next year or two.
I do not see a tough market in late 2012. By that point, it should be oversold based on how much pressure is weighing on equities at the moment. I see a tough market in the second and third quarter in almost the same fashion as last year.
What is a defensive stock, exactly? I used to think I knew what that meant, but now I don't think I do. Could you give me an example?