Hurray! Since late October I have been clamoring for a mindless stock market melt up, and it’s finally here. For the rest of this month, I demand fifty DOW points a day in no volume upside. This is my right as an American.
Please note the noticeable laggard of this Christmas jubilee; natural gas.
The price of natural gas has been bleeding. The above average warm weather is getting natty longs down, who pumped the price going into fall, betting on cold. Evidently these people can’t afford the $10 it takes to buy a weather forecast. But hey, that’s alright…
If you missed it, Michigan became the latest State to enact Right to Work legislation. Snyder signed that bill last night.
Personally, I feel the bill was a strategic mistake. Michigan is a pro-union state and this will come back to bite the overzealous conservatives who presented it. They did so largely on the (absolute) failing of the unions this November to enshrine collective bargaining in the Michigan constitution.
But just because this union proposal (Prop 2) was thoroughly rebuffed doesn’t mean the State’s support of unions has suddenly changed. A large silent majority of people in Michigan don’t trust Democrats or Republicans and they want moderate governance. Punishing Democrats by slaughtering their union doles will have a cost.
Plus today, social conservatives are going crazy in Lansing, stuffing a Christmas bill with wish list goodies. That’s not going to end well. (Social conservatives cannot be trusted with anything).
Still, I’m going to take a minute to revel in RTW, regardless of the outcome. It’s going to be an especially smug Christmas, as I have been given the greatest gift anyone could ask for. The gift of getting to blazingly mock those union sympathizers in my extended family at Christmas dinner.
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boehner now in the focus, obama wants it all. we go over the cliff so we can be saved. as a movie its a cliff hanger. i have sat out since june/aug.
Used to be a UAW man under a skilled worker clause which meant that I couldn’t get laid off or fired no matter what.
But those days are over, the old fat drunk farts will have to actually work for a living now, that’s what they are protesting.
And these folks drink and smoke their lunch. I’ve seen guys slam a 40 down their throats and smoke a blunt at lunch and then fuck things up just because they were pissed off that day.
Don’t bother buying a GM or Ford.