The good news on the stock market and the parable of the ox

For those of us who had faith in the economy and Donald Trump, and who therefore stayed in the stock market, it looks as if our loyalty is being rewarded.  The stock market is rising, something it did even before the stellar employment numbers came out today.  The usual doom-and-gloomers on the left are trying to downplay what's happening as a short burst of irrational exuberance that reality will quickly temper.  The parable of the ox says the naysayers are wrong. The news from the stock market and the labor market shows that the U.S. economy is rapidly rebounding: Investors piled into U.S. equities after a surprise jobs report showed the U.S. economy is seeing a faster than expected rebound from its COVID-19 lockdowns. The Dow Jones Industrial Average surged 829 points or 3.15 percent, while the S&P 500 jumped 2.62 percent. New economy stocks helped the tech-heavy Nasdaq touch an intraday all-time...(Read Full Post)
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