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Good Tidings, Dour Musings
Wry chuckles and sardonic smirks aside, investors had a lot to smile about headed into a long holiday weekend.
Most obviously, US equities (derisively, "the stocks") were on track for an eighth consecutive weekly gain, a run that doubled as a summit push.
Say a Christmas prayer for bears who pressed their luck towards the end of October. It's been an excruciating two months. The simple figure below is just a monthly version of the by now familiar "everything rally" chart.
If you were on the
I’ve been meaning to get some new t-shirts. Is it Scrooged?
Winner winner. E-mail me your shipping info, size and let me know which one you want. I think the larges are sold out in the “Signal” and “Cheers” shirts, but I’m not 100% sure on that. We may have a large or two sitting around in those. [email protected]
Thanks, just sent my info. I knew watching 8 hours of tv per day would pay off someday 🙂
Hey, last night I watched the movie The Bishop’s Wife (1948) on TCM.
[last lines]
Henry Brougham: “Tonight I want to tell you the story of an empty stocking. Once upon a midnight clear, there was a child’s cry. A blazing star hung over a stable and wise men came with birthday gifts. We haven’t forgotten that night down the centuries; we celebrate it with stars on Christmas trees, the sound of bells and with gifts. But especially with gifts. You give me a book; I give you a tie. Aunt Martha has always wanted an orange squeezer and Uncle Henry could do with a new pipe. We forget nobody, adult or child. All the stockings are filled… all that is, except one. And we have even forgotten to hang it up. The stocking for the child born in a manger. It’s his birthday we are celebrating. Don’t ever let us forget that. Let us ask ourselves what he would wish for most… and then let each put in his share. Loving kindness, warm hearts and the stretched out hand of tolerance. All the shining gifts that make peace on earth.”
Merry Christmas, ya’ll.
I’m hopeful and optimistic as we head into 2024. One of my nephews has started a family and is loving being a dad, one of my nieces just announced she’s pregnant, my two sons are matched up with great gals and doing well (and I get to see both them a couple of times a month), my wife and I are still going strong after 32 years, and I’m lucky to know, or be acquainted with, a fair number of really interesting people — including our tireless pal H. I mean, what other choice is there?. Yes, things could be better, for the country and the planet. But they could also be a whole lot worse. We will muddle through, we always do, because while democracy, to paraphrase Churchill, is a pretty lame form of government, it’s better than all other alternatives. Happy Holidays to all! Be sure to tell the people you spend it with that you love them.
The world’s not burning yet, happy holidays!