On two The Wall Street Journal articles
On the front-page article of the on-line publication today:
“U.S. stocks ended higher Friday after a punishing week of losses across major indexes.
Traders welcomed the reprieve from the brutal spring selloff that has left virtually no corner of the market unscathed. This week brought several shocks for the market. Data showed inflation is still running hot, disappointing investors. Cryptocurrencies swooned after a so-called stablecoin unexpectedly crashed. The S&P 500 on Thursday flirted with bear market territory, a level 20% lower than a recent high, and the Dow Jones Industrial Average posted weekly losses for the seventh consecutive week, its longest losing streak in more than 20 years.”
It brought to mind a saying a financial trader had when I was a reporter: “Wall Street climbs a wall of worry.” The Dow Jones Industrial Index was only at about 10,000 at the time. I think the trader’s remark had deeper meaning than financial markets. How many times do intense worries obscure that some things are going better than you may realize.? “You’re happier than you realize,” one grad school teacher said.
The is an article in the same publication about the dangers of anti-depressants. In my youth, we used to refer to “chemical castration” by medical doctors, and psychiatric medication can really reduce sexual capacity.
The latest novella is almost finished and am planning a YouTube video promoting my series of fictional novellas but am having some technical issues with a new computer