Consumers Still Sticking to the Basics
The splashy consumerism that marked the beginning of this decade may be a permanent thing of the past.
At the Morningstar Investment Conference in June there was a sense of cautious optimism on the state of the economy. The stock market had lifted off its march lows, and the first signs of stabilization were appearing in the economic data.
Fast forward to this week's Morningstar Stocks Forum and the mood is decidedly more upbeat. Comments from CEOs and Morningstar's analysts at the meeting indicated a consensus that we are starting to pull out of the Great Recession. But almost no one believed the recovery would be quick or that things would end up looking exactly as they did before.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.