Stocks Go Up, Stocks Go Down

Up one day and down the next for the markets. Well I think that this may be the theme for the near future until the Fed drops the notion of rampant inflation and either knocks off the interest rate hike or better yet lowers a quarter point. I don’t see how these guys can keep on thinking that everyone is making a fortune and there are too many dollars chasing too few goods. I know my salary hasn’t increased near the amount that they say salaries are increasing. The labour market is tight? There are a lot of people that aren’t working maybe because they aren’t qualified for the jobs that are available. Yet then I look at some people who are driving taxi’s because they were engineers in India yet somehow can’t be engineers (or Dr’s or whatever) here. Maybe something should be done to ensure that these spots get filled by qualified people. I don’t really think there is the kind of employment problems the Fed claims to be there. OK enough about that.

Markets and market sentiment was negative most of the day and could still finish that way. There were a lot of negative things out there; inflation worries, a weak manufacturing reading, rising oil and gas prices, slower retail sales and on and on it goes. Yet then people started thinking like me and thinking that maybe the Fed will or should lower rates and the market picks up. So who knows what’s going to happen in the short term, but hey CLRK is a long term bet and we know that over time it will be a winner.