Rewind back to the Fall of 2010 in your minds, what do you hear and see?
Why, it’s a cavalcade of talking heads preaching the gospel of overseas investing and Emerging Markets as the universal answer to all of your portfolio’s ills.
Only it didn’t work out that way. I should say, they only had it half right: Emerging markets and Overseas have been phenomenal…for the Great American companies selling into them.
Here’s Ford Motors ($F) turning in its best earnings quarter since 1998: (CNNMoney)
Here’s Hershey ($HSY) ripping through to a new high, putting up big profit numbers this morning despite all the fretting about input costs: (MarketWatch)
I could do a laundry list of these stories but there’s too much for you and I to be doing here in the tape on days like today. The American Tape.