Tuesday 12 March 2013

Dow? Sequester? Meh!...................from Rico

When I stumbled across this cartoon, the intraday Dow was over 14,000, the S&P over 1,500, and the NASDAQ over 3,000. - As I said the other day, the average American didn't play in this rigged casino so these 'new' nominal market "highs" really have nothing to do with the price of rice for them (or of gas, beans, electricity, or anything else. MEH! would be an appropriate response from Joe & Jane Sixpack. The very same thing goes for all this "sequester" BS. To badly paraphrase Henny Youngman's "take my wife...please" the average American might as well say "shut down the government...please" since their lives would be greatly improved and enriched to be rid of these parasites.

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