Tuesday, November 26, 2013

Tuesday 4000 Randomosity

  • The Nasdaq first crossed 4000 was 1999. Back then, @MariaBartiromo was still at CNBC.
  • So that was quite a dump in the last few minutes today.  There is this saying that the market rallies during Thanksgiving week and usually the Friday after Thanksgiving.  I wonder how much of that is pre-baked into the cake these days to make it worthless!
  • Pope Francis attacks global capitalism.  “Just as the commandment ‘Thou shalt not kill’ sets a clear limit in order to safeguard the value of human life, today we also have to say ‘thou shalt not’ to an economy of exclusion and inequality.” I think capitalism creates wealth and allows folks to be charitable – as Americans are.  We could all do better, but the heavy hand of government is not the answer.
  • Paraphrasing somebody, “Capitalism is the worse economic system in the world, except for all the other systems that have been tried out.”
  • So is the market still in the secular bear market that started in 2000?  Or is this a new secular bull market?  I lean to the former, but it sure feels good right now.
  • Is Miley Cyrus really going to be the number one phenom of 2013?  Lets give that honor to those guys from Holland who created the “What does the fox say?” YouTube video, that inspired parody after parody after parody.
  • Still loving the Microsoft Surface Pro 2.
  • When is Kobe Bryant suiting up?  The dude is practicing, right?
  • Paraphrasing somebody, “Practice?  We talking about practice?” 

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