Countering a Rash of Pessimism

(1) Rash of articles about 2008 financial crisis. (2) Feldstein confident that a bear market is coming. (3) Latest price inflation news fairly benign. (4) Trump’s trade war isn’t boosting import prices so far. (5) Productivity growth finally making a comeback? (6) Trump’s tax cuts making America a great place to do business. (7) Lots of minimalists are bullish for economy and stocks. (8) US federal deficit balloons along with entitlement outlays, defense spending, and interest payments. (9) S&P 500 forward revenues and earnings continue to set records. (10) Outlook for long-term stock returns depends on starting point.