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Yes Virginia, the stock market has played Santa Claus, albeit a poor Santa Claus (bad economy you know), since the health care issue has been resolved. Love it or hate it, Wall Street hates the unknown/uncertain far more. Since this unknown is now moved into the arena for us to try to make sense of and react to it, the market can move forward.
For you and I the market really doesn’t matter. ADP (private) payroll base report has been disappointing. Jobs are very difficult to find and interest rates have begun to rise. Gasoline prices aren’t getting any cheaper either so for you and me life is tough and getting no better. In fact, on the subject of gasoline, it is surprising low in my neighborhood at $2.689. It should be about $2.799 based on the wholesale price. It seems like local merchants are holding back on increases, probably until after Easter. Unfortunately Congress is on Spring Break so no progress can be made on anything until they return.
As taxes begin to rise, and they surely will at all level of Government, the amount of money you have to spend on fun things like clothes and furniture, will continue to shrink. It is hard to imagine how this recession will be over anytime soon at this rate.
Primary elections are upon us and it is time for you to get involved. If you are happy with the ruling party in Washington, then vote for more of the same. If you’re unhappy with the direction Washington is taking us, vote to change things. Just vote in the primary to get the candidate that best represents your wishes and then be sure to support him/her in every way you can. Donate money to their campaign. They won’t send it back even if it is only $1.00 as long as it is a legal donation.
Remember, for a free country to survive and prosper, the electorate must be informed and involved. You don’t need to be in the military to support our way of life but you must be involved.
