This morning, I woke up with a headache, which is never a good way to start the day. And then I received a call from a vendor who was supposed to deliver this morning some decomposed granite to the ranch for an agreed upon price, but his call was to tell me at the last minute he was changing the agreed upon terms. I cancelled the delivery on principle. And then I went about my daily reading, and while doing that, I became irritated. So, hang in with me today, as I vent about what is bothering me this morning, and has been for some time now.
We live in a time when anyone can say or write anything and then put it up for public consumption. We live in a time when one’s unsupported opinion is corroboration for another’s ignorance, and mean-spirited commentary feeds more mean-spirited commentary. We live in a time when many care little about clarity of expression to foster legitimate debate about ideas.
This is what happens when our government and media is smoking crack they are in denial of what’s really happing to our country.
Someone out there in the ether posted the above comment in response to a short news report that came out this morning. The opening line of the news report is below.
NEW YORK (AP) — A gauge of future economic activity rose modestly in August, suggesting that slow economic growth will continue this winter.
It appears to me that comment really has little to do with the reality of the report and more to do with an anger, a need to strike out at something, anything. Now, I understand some folks are legitimately angry about current economic events. In the past three years or so, many have lost jobs, watched their 401K go down in value, and seen the cost of living rise in some key areas, such as healthcare. I get it, but the comment above strikes me as a different type of anger, an ideological anger as opposed to an economic anger, and this is what irritates me because the comment above is not isolated. Most all the places I go on the Internet to read offer the opportunity for the readers to comment, and I see this type of comment repeatedly. Frankly, folks that use these forums to spew could just as well spend valuable time offering something helpful or thoughtful, even if it is contrary. In fact, it would be nice to see more thoughtful comments such as the one below.
It is a jobless recovery, but still a clear recovery. This is a typical pattern at this stage of the economic cycle. The stock market normally recovers 6 months before the general economy. When you see employment numbers and other indicators go up, it would already be too late to enter the market and many people would have missed the boat.
Or helpful comments such as the following, which traders or investors might find useful.
Check the weekly chart of Dow Jones – a tea cup and handle pattern is formed, we are very close to a major rally, be prepared.
Okay, I am done now, my headache is gone, and I figured out a way to get the decomposed granite I need without giving into poor business practices. Thanks for listening.
Trade in the day; invest in your life …
