When you hear pundits say this or that, most pundits are wrong most of the time, especially those that call for extraordinary action. In the long run, stock markets go up because the fundamentals of the companies tend to get better. The product gets improved, the quality gets improved, the quantity gets improved, and ultimately the company gets improved. Sure, some companies are in their death throes, but there are more companies that are in the growth part of their life cycles. On balance this works out. We are not contingent on the world being a happy place as investors. Read more