Wednesday, September 05, 2012

Markets just wait for employment numbers on Friday

Barring any exciting M&A news or disasterous international news,markets are pretty much just ignoring politics for the moment. Entertaining as they can be to someone who has followed politics from the age of 8 or 9, just a year of two after getting hooked on the Dick Clark show, Chuck Berry, and getting an Elvis record that my father banned until my mother interceded --- that's a rambling diversion --- as entertaining as the conventions can be to some, they are irrelevant to the financial markets for the most part.

The financial markets are waiting for employment numbers on Friday here and major economic decisions in Europe on Tuesday and Wednesday.  If there is a break-out moment at this Dem convention I can't imagine --- just watched Nancy Pelosi give a short comment, the person who really broke any attempt at a tenuous bond between the parties.  She is a multi-millionaire, not quite like Romney) and likes the spotlight more than the results.  She fashioned the most punitive aspects of the health care bill.  WHY WAS SHE ALLOWED TO SPEAK.

Nevertheless, I do enjoy watching the conventions, with appropriate breaks for whatever beckons.

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