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SP 500 and NDX Futures Daily Charts - Spinning the Records

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Jesse

Le Cafe Americain

Published : November 22nd, 2013

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FOLLOW : Market Self-driving

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Category : GoldWire


	The Dow Industrials managed to hang a close over 16,000 which is good for the tourist trade. There was an analyst named Steve Kuhn who today was suggesting that Progressive Insurance is a short because soon cars will be self-driving and one will no longer have to buy auto insurance because there won't be any more accidents. While I would certainly welcome such a world, especially since the freeways are too often a hair raising example of why the efficient market theory is hokum, but I wonder at such a feat of transformation in a nation that does not seem to be able to find the funding and the will for basic highway and bridge maintenance. Have a pleasant evening.

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Visit Jesse's Cafe Americain for refreshing news on the markets

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