We entered September fully aware that historically it (not October) is the cruelest market month. Currently the S&P 500 is up more than 9% for the month. Cruelty be gone.
With this run up in stock prices, we have found less to complain about and comment on (despite endless emails from the street.com touting 100% profits). I note that our last comment was early September - maybe we have become complacent in this bull move.
Something got my ire though- why is it that athletes, entertainers and even economists (the Jackson Hole trip) seem obliged to flaunt their wealth in the average American’s face.
The Dallas Cowboy’s controversial (he of the checkered past ) wide receiver Dez Bryant took his team out to dinner and spent (GET THIS) $54,000. That’s right- you average guy making $40
So when you are asked to support the players in their coming “labor negotiation” with the NFL remember the last time you and your work buddies blew 50 grand at a mid week night out.
September
Wednesday, September 29th, 2010
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