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Read the whole objective thing.Sitting here watching CNBC's Erin Burnett raving about today's Wall Street surge -- DJIA up by more than 150 points as of 3 p.m. -- my natural pessimism looks for the cloud behind the silver lining. . . .
Well, good news for those who bought low (in March) and are now in a position to sell high. But does this mean that the market "bottom" is behind us and recovery awaits around the proverbial corner? I'm not persuaded. Today's rally is chiefly being attributed to good news from China, an independent variable. If I were playing the market, I'd be watching bonds very closely. The bond market is the canary in this fiscal coal mine. . . .
Five Christmas Season Thoughts Under the Fedora: The Standard of How Great
the US is, Human Progress Two Measures, Too accustomed to Trump’s Success
or A Psi-op? $2.63 That’s five water/sewer bills and Temps, Finally Yes
Minister in Minnesota
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For all the horrible things our friends on the left say about America being
racist, sexist unequal etc etc etc let me make one important point. This
horrib...
1 hour ago
A 150 point gain does not a rally make. I do want the economy to improve, though. This is my country and I want her and her people to do well. (Those who want economic bad times in order to score a political gain are sick.)
ReplyDeleteI agree with your observation of Ms. Burnett.
yrs,
Mikey NTH