Will we soon have to talk about oil?

Signs of cooling off? For most of the investors not really unexpected. In all the course of this bull market (still a bull market, isn't it?) investors have worried about a weakness in economic growth, in profits growth and so on. On every little soft spot they have thought "This is now the end". Ok, at some point it will be an end. And we are probably approaching it now.

But in the meantime, all this worries have hold stocks back. They didn't raise a lot to spark a speculative cycle, they did not went ahead of earnings - just the opposite - measured by earnings stocks became cheaper and cheaper.

Yes, I will not "teach" you EPS is all you need to know. EPS is misleading very often. But the market sense is a "approximation of approximations". All the public has been so "cautious" and "wise" to not expect an ever growing business and earnings, to be prepared for a downturn, that it seems to me it may be time to just bet on the "pure facts of earnings power".

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