And don’t forget that the ride can go the other way, although with this graph showing the Dow from 1890 it’s awfully hard to see that Great Depression. It seems like a small blip on the radar.
Today the Dow gained 2.43%. If the Dow were to lose 25% of its value by Christmas, it’d be at 13,333.61.
But you can be assured we’ll see. No one gives a damn about Senator Elizabeth Warren or the other 15 Senators that voted with her to stop the atrocious $1.1 trillion budget bill.
Look again at that Dow graph from 1900 to 1920:
And don’t think that the middle class, or what’s left of it, is going to be helped by this. What’d really help me would be interest rates at above 0%. That way I could put my money in a savings account – remember those? – and earn a little bit on the meager amount I might have left over from month to month.
Because you know what? I’m not putting any money in the market, mainly because I don’t have any. Most of America is just like me.
Only middle class Americans can live with consequences, we know rich people can’t. They don’t have the fortitude, the courage or the discipline. They really have nothing to offer America, when you think about it, yet we hold them up and exalt them and say we wanna be just like ‘em. Yeah, I see what they’re like – pansy-ass cowards that run to their overlords and hide beneath their kimono.
Alright, enough complaining fro me tonight – let’s get to the champagne and celebrate!