As the end of 2011 draws nigh our attention turns to 2012. For some time now the markets have been highly reactive to the “news of the day.” That’s the “wild card.” for investors and advisors. Without it, forecasting might be able to assert some measure of credibility. However, we live in a world of uncertainty, something forecasters understand all too well.
Investors seem to buy on the rumor and sell on the news. One such rumor is that the U.S. economy is going to start growing again. Another is that Europe may soon find a solution to their woes. There is certainly no shortage of banter going round, which brings me to my point.
Will next year bring more of the same?
I’d like to share with you my five hopes for the markets and the economy for 2012.
Hope #1: Lower National Debt
I hope by next Christmas we’ll have new leadership. I’d like to see a fresh crop of principle-centered leaders take the helm in Washington. Leader’s who will place our nation’s best interests above personal gain (sounds like a fiduciary!). Leadership that believes in the entrepreneurial spirit of the citizens of this great nation and fosters an environment whereby this can occur. Strong economic growth would also help shrink the national debt!
Hope #2: Lower Unemployment