Not so fast Buxter. You can't pick a fight with me and expect to just walk away unscathed. See, we ain't got nuthin to fight about. Now, just maybe, my normally sterling prose suffered from a momentary and highly uncharacteristic lapse, so permit me to re-load and fire for effect.
I am no more willing than you to attribute this rock 'em, sock 'em, big time bull market to Slick Willie and his pals in the Beltway. Matter of fact, kinda seems to me that either through sheer ineptitude, or the paralysis resulting from a Democratic Oval Office and a Republican Congress, the economy has enjoyed the unmitigated delight of the government doing damn near nothing to it. As a result of which, it just merrily churned along creating jobs, wealth, and prosperity for all. I will leave it to others to divine whether this was the result of the Prez getting his knob serviced and therefore too preoccupied to drum up some damaging legislative initiatives, but bless them all--the result cannot be debated.
Recall the sage words of the Great Surfer Hippocrates who admonished his medical colleagues in the Third Century: First, do no harm. Pity he didn't direct that to the politicians all of whom seem to believe that they got the cure for what ails us all. Well Bux my man, given a choice in the old 'lead, follow, or get out of the way' derby, I vote for door 3. Never seen a good economy that political interference couldn't screw up.
Which brings me neatly back to the point of my original post: Slick Willie gets zip credit for getting the DJ/NAZ up to the promised land, but he damn well could tank it. It is there that Surfer Mike's tighties tend to get all wadded up.
You seem to believe that political shenanigans have no effect on the market, and until recently they haven't. A couple of hundred million Americans have been praying for the last seven months that this thing just blows over [very clever subliminal reference SM--you guys with me?] before their jobs and stock portfolios get atomized. Bux, honest to Pete, it takes one hell of a lot, but ultimately these dudes can bring even Mighty Wall Street to its knees. Again, I'd recommend taking a look at the DJ during the Vietnam and Watergate episodes--very ugly viewing BTW.
So there: take that. Pretty deadly, huh? :-) Kind Regards, SM |
