Adaptive Curmudgeon

Good News That Nobody Notices

Did anybody notice yesterday’s awesome news?

“The Dow’s highest closing record is 21,796.55 set on July 27, 2017….

That [2017 year to date] is the second-fastest rise in U.S. history. The record is the 24 sessions it took to go from 10,000 to 20,000 in 1999.

Here are the 28 records set in 2017.”

Sure, it’s just a statistic. Obviously, stocks vacillate up, down, and unpredictably. Yet breaking records 28 times this year probably isn’t bad news. If the President had a D after his name the media would be orgasmic. Of course, the current guy has an R so success generates radio silence. I can’t say I blame them. If the press actually noticed good news the Orange Menace would say something sarcastic like “are you tired of winning yet” and then the press would cry and be sad. Who wants sad journalists?

Luckily I’m here to point out good news when nobody else will. Don’t let caterwauling about impending doom get you down; 2017 had the highest steepest increase in the last 18 years. It’s nice to hear regardless of your political affiliation. Enjoy good news whenever you hear it.

Also, it’s Friday!

A.C.

P.S. I suspect my readers are more mathematically inclined than the average bear. Some are surely thinking rising stock indices are indicative of unreported inflation. Economics allows one to look at a silver lining and postulate a cloud. You never know if good news is bad or vice versa. No wonder it’s called the dismal science.

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