I was talking to the Mad Scientist this morning... he thinks the rally has more legs. Maybe so. Just keep in mind earnings season is just around the corner, and confession season is right on top of us. The data might be telling someone that the market should go higher, and the market is always right (if you disagree with the market that is OK, just get out of its way - don't fight it, you can't win)... but if you missed the wedding don't go to the funeral.
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We are losing our freedoms at a hundred miles per hour. Our country used to be a nation of laws (at least in concept). Now it is a nation of REGULATIONS.
We don't vote for Regulator. We can't appeal a Regulator's decision easily. Our educational system has indoctrinated the masses to accept this - and here we are.
Mentatt (at) yahoo
4 comments:
Scientist is an "uber-optimist," still stuck in the 1990s S&P 500 up-and-up days :) The fundamentals favor the long termers (like me). You can't run an engine with no gas (credit & youth, mostly)
I will also mention that one of the "regulation" drivers of the Federal government is the "Code of Federal Regulations (CFR)." It is only used when "legalese in correspondence" is required. The rest of the time the CFR books make nice decorations collecting dust on our desks ....
Have you ever read Brave New World? Everything is regulated but sex... the big distraction.
Huxley and Orwell saw it long ago.
Regards,
Coal Guy
The rightwing wants to regulate sex.
The leftwing wants to regulate all profit-making activities.
With both a right wing and a left wing which are useless, how can this bald eagle continue to fly?
Not for long, I'm afraid...
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