Whenever I read a bearish commentary, there's a bullish commentary right around the corner. For example, here's Jamie Dimon
, CEO of JP Morgan Chase:
JPMorgan Chase Chairman and CEO Jamie Dimon told CNBC on Wednesday the economy could grow at 3 to 4 percent this year with the right tax and regulatory reforms from President-elect Donald Trump.
And that, in turn, could boost the stock market even further, Dimon said on "Squawk on the Street" at the World Economic Forum in Davos, Switzerland.
The Dow Jones industrial average, as of Tuesday's close, has increased about 8.5 percent since Election Day.
Of course, this is the same Jamie Dimon who was caught off guard by the 2008 financial crisis. Still, by and large he is a lot more knowledgeable about financial matters than I am.
Buy and hold... Design a portfolio that will let you sleep in good times and bad. Then leave it alone.
I think I'll go lie down for a while.
The plural of anecdote is NOT data.