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Business News Update

SCOTUS

The U.S. Supreme Court heard arguments Monday on what will be yet another landmark business case.

The Justices will rule on an ERISA lawsuit in which the key issue is the extent of potential limitations on employees' ability to sue their employers for botching up the former's 401k investments. Barring something unforeseen we're looking at a 5-4, pro-business decision.

Black Friday

Retailers posted excellent sales last Friday.

Markets

Stocks have see-sawed violently over the past few trading days.

With any luck market volatility will increase with such ferocity and stocks will sell off with such alacrity that the entire cast of CNBC will commit ritualistic seppaku on live TV. That would be the ultimate indicator that stocks finally, mercifully, have become cheap enough again to purchase -- en masse.

Buy low.
Sell high.
Not vice-versa.

It's Cold Gin Time Again

I literally did a double-take when I saw the headline of this article:

Tourism Boom Threatens Antarctica

Antarctica? Gee, I didn't realize people were lining up in such numbers to go and freeze their you know what's off.

Then I read the article. Alas, it's another one of those liberal media global warming polemics. So, never mind.

The Mommy Party

After reading this article about Hillary's plans for gumbmint regulation of the healthcare industry, I can say with absolute certainty: (1) that woman is *not* the smartest woman in America, (2) instead of bombing Chinese embassies Saint Bill should have set aside the time to arrange for Hillary to take basic sets of courses in economics and public finance -- preferably from the Univ. of Chicago, and (3) a Hillary presidency would be to our country's business sector what termites are to wooden homes.


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Comments (1)

The <a href="http://www.nyt... (Below threshold)
mantis:

The NYTimes thinks the SCOTUS will rule for the plaintiffs in the ERISA case, and judging by what they reported from the court, they may be right.




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