DON’T SELL AMERICA SHORT*
David Gergen summed it up perfectly yesterday: ‘Hope won.’
*But don’t sell all your RSW just yet, either, if you’re using it to hedge the market.
Blake B.: ‘It is so wonderful to be proud to be an American again. I have received numerous messages from European friends cheering us on.’
☞ In certain circles, just having European friends makes you suspect. Especially if they are French. But the Europeans do know a little about civilization . . . and civilization is not entirely a bad thing.
Lots more to say on so many topics, but too sleepy to say it without making dumb mistakes – like this one I made Monday:
Kay Lawson: ‘Sorry Andrew. Trig Van Palin is a male member of the human race, so he cannot be Sarah’s granddaughter.’
☞ Oops. I thought Trig was always a girl’s name.
But a more serious reason the conspiracy theory is probably wrong:
Scott Nicol: ‘Incidence of down syndrome starts climbing at 30 years old and skyrockets at 40. Sarah was 44 when Trig was born. At that maternal age about 1 in 40 babies have down syndrome. For her teenage daughter the odds are about 1 in 1500.’
DON’T SELL YOUR GLDD
Our dredging stock may be down, but revenues and earnings are up nicely. How many other businesses do you know that saw revenues jump 32% last quarter? So I continue to like Great Lakes Dredge & Dock for the long haul. Renewing our national infrastructure may be a theme of the next decade; and Dubai still has a lot of sand to move around.
Quote of the Day
We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear.~Ross Perot, 1988
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