I think it's a given that the developed world won't grow for the next years. Japan could be some kind of playbook for what the markets have installed for us.
But there are going to be some very nice winning stocks. I'd like to see CEOs merging and acquiring and cutting costs. It's the only logical thing to do. Just like banks are doing.
That's what's got me optimistic at the moment. There's a big chance that states and consumers suffer in the coming years with unemployment remaining elevated. That doesn't mean that the companies listed on stock exchanges will suffer aswell.
Even if half the companies went bust, there would suddenly be a huge opportunity for cash rich companies. From a "Darwin" point of view, 20% of companies going bust might be a good basis for sprouts to appear. The more acceptable way of achieving that solution: Two companies merge and lay off 10% of their combined workforce...
I'm sure will see some of that in coming months, years. The companies just keeping still and changing nothing are the ones I wouldn't want to be near... unless they have lots of cash obviously...
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