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The Spread of SANS - Severe Acute Negativity Syndrome
After several years of unrelenting bad news for the global economy and financial markets, it has now become fashionable for people in general, and the media in specific, to accentuate the negative. Although there is always some new risk lurking around the corner I would like to take this opportunity to remind you that there are a number of positive factors and trends developing to suggest the financial markets did indeed bottom last October, and that we are quite likely entering a period of more stable and financial rewarding investment markets ahead.
Attached is a report from a global economist and investment manager we follow. Bill Sterling was the Chief Global Strategist for Merryl Lynch through the 1980�s and early 1990�s and now heads up CI Global Advisors in New York. He sights ten positive trends that are now emerging; ranging from the quick end to the war and a lower cost for oil, to increasing consumer confidence and rebounding corporate profitability that will lead to a rebound in financial markets.
We believe that he is accurate in stating that �Considering what�s been thrown at the public since 9/11: terrorist warnings, Afghanistan, Enron, WorldCom, snipers, surging oil prices, India-Pakistan, Irag, North Korea and now SARS. Maybe, it�s time for a string of good luck�.
We pass along this article to remind you that the future is full of opportunity. We agree with Mr. Sterling�s analysis and strongly believe that long-term thinkers will, in hindsight, find this period of uncertainty to have been a great time to be an investor.
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