Thursday, December 24, 2009

Christmas Eve Thoughts and Randomosity

Santa Claus puts massive bid under market to help the market close at the highs in today's shortened session. (I just wanted to write the headlines, instead of reading about consumer optimism, short-covering, technical buying, etc.
For those of you who don't believe in Santa Claus, maybe it was some of those other things.  But as for me, Virginia, I believe.
Merry Christmas to you and yours.  Enjoy the season and the company of friends and family.
Some Christmas Eve randomosity....
  • SP500 bottoms vs. recessions.  Typically, the markets bottom 3, 4 or 5 months in advance of the recession’s end. However, it has been as much as 7 months (1954) and in 2001, the market did not bottom until 12 months after the recession’s end.
  • But wait, Paul Krugman says we're not out of this by a long shot.  So what about our current situation? It’s just like the two previous “postmodern” recessions, only more so, since the bubble before the slump was in housing itself. This suggests a long period of jobless growth; so does the international evidence on the aftermath of financial crises.
  • Some TV channels having Christmas marathons!  You know, A Christmas Story, Christmas Vacation, etc. 
  • Christmas Eve, and the Senate is loading up the health care sleigh with goodies!  Senate OKs health care bill.
  • Fasten your seatbelts, because it's going to be a bumpy tax ride.  I think we all realize that the government only spends more money, and with national health care coming, the government will need more money.  Yes, your taxes will go up.  It may come directly, it may come indirectly as companies pass on their tax hikes to you.  But, you will pay more.
  • The Meaning of Blogging from DJ at Wizbang.  For me, it's a diversion from the day to day, and a way to meet other folks around the globe.  I do enjoy the emails and comments.  I also spend time on Twitter. 

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