From the article (titled “Investors Are Too Negative, Says Art Hogan — And That’s Good News For The Market”):
“…when the Republicans grab back seats in the House and Senate, investors will have “gridlock” to look forward to.
Gridlock is actually not a bad thing for investors, says Hogan: The confidence that neither party will do anything radical should bring some confidence back to the market.”
This is what I’m talking about. Gridlock happens, neither side is able to pass much in the way of stimulus or anything else, and the market is left to operate on its own.
Any opinions on that out there?[/quote]
Gridlock is bad for the economy and prevents us from implementing an industrial policy while China moves forward.
Green energy was supposed to be the next phase of development for America. But it looks like the Chinese are one-upping us.
I predict China mandating electric cars in certain cities and creating instant markets for their manufacturers. China already bans motorbikes in Beijing and Shanghai.
China is forging ahead with green energy, electric cars, high speed rail. And were are transferring out research and development over there.