11 Oct 2002 Extremes This Time Are Good

If one watches CNBC or CNN for any length of time he would likely come away thinking that the stock market is on its final legs, and for good.  When things are bad, it seems that those who are best at pointing out how bad things are and could become, get the bear’s share of the spotlight.  Granted, there is plenty of bad news out there, but the good news is not getting through the dense bad fog.  A significant part of the good news is that many of the extremes being reached in today’s stock and bond markets are actually positive signals for better times ahead.