Post-Traumatic Stress Disorder

(1) Seeing a pattern. (2) Investors, business managers, and central bankers were all traumatized by the trauma of 2008. (3) More panic attacks than usual during the current bull market. (4) Industry analysts showing no signs of stress as their revenues and earnings estimates remain on uptrends, excluding Energy. (5) Profit margin: It’s been different this time, so far. (6) By one measure, business costs remain below past three cyclical troughs. (7) Central banks fighting their PTSD with their WIT (whatever it takes). (8) Consumers showing less and less PTSD. (9) Focus on market-weight-rated S&P 500 auto-related industries.