The media pays a lot of attention to the fact that the U.S. stock markets are near multi-year highs, they ignore the fact that we are still lagging China, England, Japan, Switzerland, even Argentina and Dubai. Take a look at this graph:
The two best performers are both emerging markets, which are usually considered more risky. Also note that Europe has risen. In the long run, I'm extremely bullish on Turkey, but their market is down for the year, as is Brazil.
Now, isn't that better than trying to blame somebody for sequestration? You're welcome!
See, you can spend your time on thinking about something else . . .
