January 26, 2010

Yesterday was a miserable day. It was raining all day or at least the better part of the day. Only Englishmen and ducks liked it. In addition it was unbelievably warm. A real January thaw.

Whatever snow was left in parking lots and such places I'm sure were all gone. In addition it was extremely windy. So bad that it created serious damages to homes. At times like this I am really glad that I live in an apartment house where such twists of nature don't effect us.

Today, the temperature dropped, it was kind of clear but there was a slight hint in the air of winter returning.

Last week, the last three days of the week the Market dropped pretty badly. Yesterday, Monday, the Market went up slightly and everybody was celebrating that the financial outlook is changing, our bad luck is reversing and things are looking good again.

This was similar to the premature celebration the New York Jets received prior to playing the Colts this past Sunday. Needless to say the Jets lost, too.

So, now here comes today, Tuesday. During the day the Market goes up about 107 points and all the financial commentators are salivating. But at 2 pm it starts to descend and eventually it closes at -2.57 points.

Now they are all stumped. Now they are speechless. Now comes the 20/20 hindsight and the explanation of the report card.

What it boils down to is that all the high paid experts have no clue what is going on in this country or even in this world.

The price of chow mein changes in China and the world markets react. Never knew that chow mein is such an important commodity.

I'm so glad that the price of the Hungarian goulash is so steady that it has no effect on the financial markets of the world.

Massachusetts elect a Republican senator, the Market reacts. Bernanke's future is questioned, the Market reacts.

I wonder what would happen to our money if Bernanke would decide to shave off his beard. Probably a total financial chaos.

I seem to remember that while campaigning for the presidency, Obama said that he really didn't care about the performance of the Market. He said he was looking for bigger things, like jobs, health care and some other stuff like ending the war and closing Guantanamo.

I think it is terribly wrong. In my opinion, for whatever that's worth, the Market drives the economy and not the other way around.

Millions of people put their life's savings in the Market. May that be through 401k or IRA or any other type of saving it doesn't matter. Market fluctuations effect the live savings of people. If they make money they spend it, they lose money nothing is spent. Now what is driving the economy?

I am not the lead dog by any means. But in my microcosm if we make some profit we spend more. And multiply that by tens of millions and see how it effects the economy.

It is too bad that everybody is only looking at the big picture. That includes the President, and all the economists and advisers around him. Nobody really cares about the Average Joes. It is a shame.

This country is made up of Average Joes who put their faith in the system and if the system lets them down then we are really up the creek without a paddle.