Waiting for …Godot…or Uber, or the guys in the pom-pom shoes…

Posted on Jul 05, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p05271428421&a=414952219

Everyone is waiting for the other tasseled shoe to drop except the French taxi drivers who are taking things into their own hands and thumbing their noses at the Austrian economists and creative destruction.  While investors wait the market is firmly in the hands of the traders and contrarians and likely to remain so until Congress gets off its duff and implements some infrastructure repair programs.  Let's see -- that will be in 2017, unless Hillary wins in which case it will be in 2024 --unless...  Well at least the Greeks are more together than our Congress.  (If that's not too big an insult to the Greeks.)

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