Like there is a meteor that will come near earth in 5 years but DON'T WORRY! Or a strange butterfly illness in Africa that is killing all the cows but . . . DON'T WORRY type things?
Well, here is some good news about the stock market and life in general.
For decades there has been gloom and doom reports about all of us baby boomers sucking the government teat with social security and medicare and there will be nobody to pay for it as we all retire and stop paying our dues.
Well, that all changes this year as at some point the millennial population passes baby boomers and they will start to pay in more then "we" are taking out. Millennials will start pumping money into the stock market (they are already) and this will really help older Americans who already have money invested in the market. It WON'T help the older generation who did not save but if you have a retirement plan, 401K, deferred comp the market will be a very positive thing for the next 10-15 years.
OH - short term fluctuations but as we all know the market, on average, gains 9% a year. I'm thinking that because of the MY ratio (something I really did not understand fully) that 9% could be more.
WITH THAT SAID - today is a big big day for chart watchers. In it's history, when the S&P raises more then 2% in the first 5 business days of the year, 100% of the time (it's happened 15 times in history) the market has been GREAT that year. In fact the average of those 15 times is 18.5%.
As of this morning the market is up 2.6% so NO BAD MARKET today.
Past performance is not indicative of future results
*******************************
#Godless - if you have Netflix and liked Deadwood or Hell on Wheels - this is a binge worthy show. DJ and I watched Episode #1 ... and #2 and #3 on Friday night. Jeff Daniels plays what I believe is his best roll ever and OMG - I am so glad that I see some glimpse of good Jeff every so often as he is so so evil. It's weird as he brings both us us back to "it's only TV".
OH - it's not a gory bloody show but REALLY well done.
https://youtu.be/CrlZCRncCwA
*********************
The New England Patriots won last weekend without even playing. Their odds of winning the Super Bowl went from 31% to 34% when Tennessee pulled off and upset.
+++
Erin Jackson will be the first black American long track speed skater.
************
FINALLY - there is a new prime number to think about. OH - I won't post it as the number is 23,249,425 digits long.
+++++++++++++++
WEATHER - you thought it was a long cold snap? You are correct. It was actually the 4th longest streak in our areas history at being under 15 degrees. In fact Columbus spent 293 hours below 15 degrees. The last time "we" spent that long under 15 was 55 years ago.
 |
| temp and wind chill for the 293 hours under 15 |
The good thing is we are out of THAT air mass and have a reprieve until Friday when the next arctic air arrives. HOWEVER - there is a January thaw coming. A sustained stretch of above 32 weather - it's a ways off yet but there is hope on the horizon still 10+ days out but it's coming. January thaws do not happen every year.
*********************
Yea President Oprah . . . I heard this morning that she says "it is up to the people" so it's NOT out of the realm of possibility. Not really sure what to think of this.
*************
amendment of the day? The 25th it seems. Our woman groping President who is clueless about the Constitution was unaware there were 25 amendments. A little loophole - Under the amendment's fourth stipulation, it would only take 14 people to depose the president — Vice President Mike Pence and 13 of Trump's 24 Cabinet members.
"Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President."
this would be bad as Pence would be worse then Trump. With Trump the buffoon President in charge nothing is really getting done for the most part and most can be undone pretty quickly. Pence is not a buffoon which is far scarier.
America might be going backward but like the stock market, there are short term blips. In the long run America will always keep moving to the left following California's example. Sometimes slow and sometimes faster but there is always pressure to move left as that is how the majority of Americans feel.
++++++++++++++++++
Don't get me started on the garbage situation in Columbus downtown. It's embarrassing but it's not being ignored. Yea - 3rd world problems for sure.
+++++++++++++++
What did I learn this weekend? An English muffin is really an inside out crumpet and is not English at all. Plus German Chocolate cake is not German at all. It was named after the guy that invented it Samuel German, an American who decided to add sugar to bakers chocolate.
oops sorry - gotta run - a guy from AMS is here to talk basement stuff.
Cheers
