Monday, March 16, 2009

Why Comedians are Important

Are comedians indicating a coming change? When Jay Leno, Jimmy Kimmel, Saturday Night Live, Dave Letterman and Jon Stewart all spend a huge amount of time joking about the stock market and the economy (how pathetic and bad it is)...is that a signal of a top in pessimism (and hence some kind of bottom in markets)? The exchange between Comedy Central's Jon Stewart wasn't funny at all actually...Stewart was as serious as a 60 minutes reporter when interviewing Cramer on his show last week. The interview was on the front page of Yahoo news, covered by CNN and made the from page of the NY Times website on Friday. I cannot know if last week was the low for the year...nobody can know that without the benefit of hindsight. What I do know is, when the media (and comedians in particular) cover something this extensively...it is almost always signals a coming top or bottom in that subject matter.

Wednesday, March 04, 2009

Inequality is everywhere...get over it.

This isn't political in any way...just a random thought. The Government cannot legislate away income inequality any more than we can do away with inequality in attractiveness, height, athletic ability, artistic ability, eye sight, good genes that leads to a long healthy life, intelligence, parenting ability, personality/sense of humor, or coordination. It isn't fair that I don't look like George Clooney, am 6 feet 1, can't dunk like Kobe Bryant, or as funny as Jerry Seinfeld. Imagine a teacher calling you in telling you it isn't fair that your kid is so much smarter than all the other kids in the class. The whole thing is absurd when you extend the inequality argument to every other area of life.