Thursday, July 23, 2009


Obama Care, if not dead, is certainly comatose for a while. Too soon to break out the champagne, so I'll pop a top on my favorite beverage to celebrate what is, at least, a temporary reprieve from this latest Obamanation.

The major stock market indexes were all up sharply today, supposedly because of a jump in home sales. Yeah, right.

By the way, you might find this visual representation of the House Democratic health care plan interesting.


smitty1e said...

I'm still working on puzzling out how the market goes anywhere in the face of ludicrous deficits and crushing debt.
Guess that's why I'm just another internet commenter.

Paco said...

Me, too. Even if cap-and-trade and the Longevity Abatement Act wind up being watered down, or even permanently shelved, there are still the little matters of that enormous deficit and those millions of lost jobs.

JeffS said...

Not to mention the fact that the socialists who tried ramming these crap sandwiches down our throats are in office, Paco. 'Cuz, sure as can be, they'll try again.

After, we'uns don't know how to take of ourselves, after all. Given that we tend to cling to God, guns, and private health insurance.

Yojimbo said...

Let us hope that this is the beginning of the end and not the end of the beginning.

This was a pretty big battle in our war of national liberation(what goes around comes around).

Vis-a-vis the markets:earnings in general have been much better than expected along with forward guidance. Cap and tax and obamacare have been halted for now. The markets are ploughing through massive overhead supply and catching funds short plus many other funds are underinvested and getting really scared.

Markets go where markets are going to go. Markets will also rally if the end of the world is put off until wednesday instead of tuesday. Trust me, the last two along with shortcovering are the most critical here.

Boy on a bike said...

That video - a sure sign there is plenty of underemployment out there.