Our own worst enemy - Our own best friend - self-fulfilling prophecies

When it comes to the economy, we are our own worst enemy - our own best friend - and self-fulfilling prophecies can solve our economic crisis.

With the S&P 500 trading at about 900, and 10 year treasuries trading at about 3.8%, and with earnings on the S&P 500 likely to hit about $80 in the next 12 months, the market is probably undervalued by a huge amount. Depending upon what assumptions one wants to make about future earnings, growth and inflation, the market could be fairly valued as high as 2100. That is an increase of 133% over the current valuation.

Now if everyone will jump on the bandwagon, with proper action, we will become our own best friend, instead of our own worst enemy, and the self-fullfillment of that action will take the S&P 500 to new highs.

It should happen.

It will solve our economic crisis.

It will balance the budget.

It can happen.

We just need to be our own best friend and great things will happen.