Time To Get Real

The word “Pollyannaish” means unrealistically optimistic. If someone acts that way, they tend to show optimism that is naive. The word is based on Pollyanna, a fictional character who is excessively optimistic. Those who are Pollyannaish tend to remember pleasant items better than unpleasant ones, and their minds tend to focus on optimistic perspectives. That tendency is what drives the thinking of some financial pundits today. Rather than being unduly optimistic or...