Tag: debt ceiling

The S&P 500 broke out above a key level. Now what? | CNN Business

~ knjohn ~ Leave a comment

The S&P 500 index on Friday closed at its highest level in almost a year. But that doesn’t mean that stocks are poised for a bull run just yet.

The broad-based index on May 26 closed above the 4,200 level for the first time since August 2022, when the market began to sell off and fell sharply to last year’s low of about 3,577 in October.

The S&P 500 ended last week up 1.8% at about 4,282, marking its best weekly gain since late March.

So, what caused the broad-based index to finally breach its level of resistance? The gains were powered by three key updates that investors cheered:

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Politicians Won’t Stay Bought | Peter Mehit

~ CBPS ~ Leave a comment

In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.

Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions.  But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?

Power.

Continue reading “Politicians Won’t Stay Bought | Peter Mehit” →