IS IT GETTING TOO EASY?
With the market up so smartly from its low, one has to wonder if it’s getting too easy. I have no answer, but I definitely have the question. To wit:
David: ‘This is almost too spooky to be true, but I manually checked the data points and it’s correct. The chart shows a day-count overlay of the bear-market rally in the Standard & Poor’s Index from the 1929 crash low (Nov 13, 1929) to the bear market rally top (Apr 9, 1930) vs. the current rally. The 1929-30 rally lasted 147 days and was 46%. The rally off the March 6th low this year has been 145 days and is 46%. Here‘s the chart.’
I TELL YOU AGAIN: BAKED ZITI
From an op-ed in the Washington Post:
. . . It’s not simply that meat is a contributor to global warming; it’s that it is a huge contributor. Larger, by a significant margin, than the global transportation sector . . .
Two researchers at the University of Chicago estimated that switching to a vegan diet would have a bigger impact than trading in your gas guzzler for a Prius . . .
A Montanan who drives 40 miles to work might not have the option to take public transportation. But he or she can probably pull off a veggie stew. A cash-strapped family might not be able buy a new [energy efficient] dishwasher. But it might be able to replace meatballs with mac-and-cheese. That is the whole point behind the cheery PB&J Campaign, which reminds that ‘you can fight global warming by having a PB&J for lunch.’ Given that PB&J is delicious, it’s not the world’s most onerous commitment.
. . . It’s also worth saying that this is not a call for asceticism. It’s not a value judgment on anyone’s choices. Going vegetarian might not be as effective as going vegan, but it’s better than eating meat, and eating meat less is better than eating meat more. It would be a whole lot better for the planet if everyone eliminated one meat meal a week than if a small core of die-hards developed perfectly virtuous diets.
BILL O’REILLY’S AMSTERDAM
MATH IS NOT BILL O’REILLY’S THING
(Or, as this brief clip summarizes it, ‘Bill O’Reilly is a Complete Idiot.’)
Quote of the Day
Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.~Jim Grant
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