Is Wall Street Too Optimistic?

23 minutes

I know it seems hard to imagine: but is Wall Street becoming Pollyanna?

Is it possible that those grizzled, cigar chomping denizens of lower Manhattan, have suddenly turned into cheery, adolescents, viewing the world through rose colored glasses?

Hard to believe I know, but it is sometimes seen at times like this. After all we've not passed the worst of a major recession, and indeed things are starting to look better. Both the New York Fed Model of the Economy, and the Atlanta Fed's model of the same point to a dramatic up surge in this third quarter.

But there is a danger here for the Street, and investors in general. We all need to be careful not to become overly optimistic.

More episodes from David Reavill

The Antitrust Case Against Google. Late.

It is the position of the United States Department of Justice, and 10 States which have joined their lawsuit, that the dominant search engine, Google, has in fact become the Gate Keeper to …

The Antitrust Case Against Google.

It is the position of the United States Department of Justice, and 10 States which have joined their lawsuit, that the dominant search engine, Google, has in fact become the Gate Keeper to …

Analysis: China's Q3 GDP.

So last night the PRC announced that their Third Quarter Gross Domestic Product grew at a 4/9% rate. Mildly disappointing to the Chinese markets, and mildly below the expected 5.2% growth.

Sunday: The Surprising American Consumer.

If there was one outstanding economic report this week it was the Retail Sales Number.

Now in thinking of these big Macro numbers, its hard to remember when the Street was this far off in …

The Surprisin American Consumer.

If there was one outstanding economic report this week it was the Retail Sales Number.

Now in thinking of these big Macro numbers, its hard to remember when the Street was this far off in …

Final: The Colonization Of America.

You are probably familiar with the great European Empires of the 15th through 18th centuries. These were the times of the dominant sea faring countries, like the French Dutch and English.

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to The Antitrust Case Against Google. Late.
9:45
Start listening to The Antitrust Case Against Google. Late.
9:45