Kenneth Fisher says the fact that GDP growth nearly doubled in the U.S.’s third quarter is far from the only positive economic sign out there — even though the media continues to focus on the negative.
In a post on Forbes.com, Fisher points to a number of economic figures, including improving manufacturing numbers in the U.S.; strong recent retail sales figures; strong manufacturing numbers in Europe; and continued strong growth from China last quarter that indicates the country won’t have the “hard landing” many fear.
Fisher says that there are negatives, too. “But even in periods of the most robust global growth there will be weak spots,” he says. “That so many positive factors exist is bullish. That they are so little talked about is even more bullish. That gap between too-dour sentiment and better-than-realized reality is a powerful positive factor for stocks through yearend and well into 2012.”