I hope you are correct James. I’m not so optimistic right now on the economy as a whole.

1. We have seen very little top line growth. [not speaking of the banks] Most companies reporting good numbers are achieving them through downsizing and other cost cutting measures. This has kept wall street happy, for sure. However, this is not a sustainable situation. Sooner or later companies MUST actually grow their revenues.

2. The housing market looks bleak at best for several more years. This can only have a negative affect on consumer spending, as much of it was driven by home equity over the past decade.

3. Looks like the next bubble bursting is commercial real estate. This can’t be good news for banks, the stock market, you or me.

4. This “jobless recovery” we are being told is occurring is a crock of S!*t. With unemployment over 10%, consumers will remain gun shy on purchasing, which will negatively affect job growth, which will negatively affect consumer spending…

I agree, your Goldman pick is solid, as they are probably the best positioned to benefit from the improved US and global economies and the other reasons you detailed. I’m just not sure how long it’s going to take to get there…

With all that being said, I am continuing to invest in the markets month in and month out, as I do believe things will turn around eventually.