Sunday, July 04, 2010

Downward trend; no politics please

Despite the bump in mid-June, the S&P 500 index has been in a downward trend for the past several weeks.

Short-term sentiment had a pessimistic spike in late May, but it has become more neutral since then, which means anything could happen at this point. I realize that's not a very helpful forecast.

I've watched the same Independence Day parade in Cape Cod, Massachusetts for the past 30 years or so, and something unusual happened this year. All of the political campaigns were bunched together in the last half of the parade, and as they started marching by with their signs the spectators grew silent, then restless, and then they started to leave before the parade was even over. I felt bad for whomever was bringing up the rear, because they probably had few if any spectators to wave to. For some reason the parade watchers just weren't in the mood for politics this year.


Cathy said...

Yes. I chose to take a break from politics and focus on the events of those trying years during the founding and the courage and tenacity of those patriots.

We owe so much.

In November we must repay that debt by doing everything we can to save the nation.

ismellarat said...

It's about time people lost faith in would-be political saviors, but it's too bad it didn't happen decades ago. What's coming won't be pretty: