Feckless Friday....Well, not really

Today is of course Good Friday. So my weekly rant on fecklessness will be tempered and I will leave any deep and serious discussion of the meaning of today to others more suited to the task.

Plus, the Stock Market is closed today, because even Wall Street Weasels are afraid of God.

If one were to believe the recent uptick in the Dow (for which one should be soundly bitch-slapped) you'd think all was well with our financial industry and we were well on the way to recovery.

That unfortunately requires that you ignore reality, bend to perception as the only truth, and blindly spend your money and invest like a drunken sailor.

I sincerely hope you are not among those who are doing that. While there certainly was money to be made in the recent rally, the odds are that it is of a very temporary nature. The profit taking will most likely be horrific and sudden.

Things will eventually get better. Today's celebration is a good example. The crucifixion of Christ was certainly a downer for the fledgling Christian faith and his resurrection was a tremendous sign of better things to come. (apologies to Christians for the understatement)

Let's hope that when the sacrificial lambs of this latest rally get slaughtered that there will be a true resurrection of our economic system at some point thereafter. I remain hopeful.

Have a great weekend, a very, very Good Friday and a wonderful Easter.

RT