"I don't think there's anything much wrong with this as long as the real economy is fine. Companies are making more products and selling them. People are earning more money and spending it. The growth is real and deep. If the stock markets hang around for a while without going anywhere much, then that's that much more of a buying opportunity for those who have faith and are interested in the long-term.
This means that even though the impact of the so-called subprime mess could turn out to be important for a certain period of time, its eventual impact is less important than many other things that you'll read in newspapers."
Wednesday, August 22, 2007
Buying opportunities within the turmoil
Among the nervousness of the markets, Dhirendra Kumar of ValueResearchOnline makes a valid point when he says,