Friday, April 22, 2011

No Market On 'Good Friday'

Good morning. It is 31 degrees and gray cloud covered here in Upstate NY. Out walking at 6 a.m. and it was colder still. I had on full winter garb. Where is spring? Have I said its a slow moving spring in these parts. Nature must feel that the ground needs more preserving. Isn't that what the cold does, it slows down the reactions and activity in the ground. Its like putting bread into the freezer. Cold is nature's preservative.

The market is closed for the holiday weekend. Easter is celebrated on Wall Street.

Investors spent the latter half of the week giddy from diamond embedded Q1 reports from high tech companies in particular Intel and Apple. The DOW is right back up on its loftiest perch. Will it stay there? Absolutely not, but investors like giving the world major holiday bonuses...and I'm a billionaire.

In the midst of a world in major flux, investment in Wall Street is a happy thing at the moment. Do we need to recap the crises. Let's just say that globally and locally all hell is breaking loose, but that's the state of the world. We are not a peaceful lot. We like comfort and we like war. We are aggressive, and each country's boundaries are some other guy's new horizon to conquer. We are all neocon ingrates and a few of us regret it.

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