I don't have to data either. Somehow balance must happen. I can pretty much say that things are better now than they were 100 years ago so unions and management somehow worked it out. I don't think we now live like the days of the robber barrons, although it seems like it for many. Standards of living have gotten better for everyone.
Yep, I agree Musk. Good old Aristotelian balance at work. Humanity has come a long way. That's why I'm optimistic. I'd say 90% of the time I'm optimistic. I got to complain about something every now and then lol.
Lots of opportunity. XHB has been en fuego. I even like EWH as an indirect China play.
Not to get too philosophical, but... balance always happens. Crises, disasters and calamity are just part of a bigger picture. Unions, capitalists, politicians, anarchists, terrorists --- these are all counterveiling forces that ensure a dynamic equalibrium... when things get out of whack, they return to the mean. You rightly point out that human life has greatly improved in 100 years... but its more like the last 100,000 years!
If these fiscal cliff issues get resolved, there will be a big boom in the stock market. Take a look at housing-related stocks, esp. housing materials like EXP - 2x YTD. US manufacturing will do well ESPECIALLY if the dollar cools. The cloud. Mobile computing. Energy services (HP, RIG, NOV). Medical Tech. Plenty of opportunity....