It looks like the old saying “Sell in May and go away” has just been turned on its head. After cratering for seven weeks, the S&P 500 index ended last week up 6.6%
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Gordon Gekko’s ‘greed is good’ mantra risks infecting society
You could argue that those protesting against trans-Atlantic free trade agreements are die-hard socialists who prefer to keep Europe’s sclerotic status-quo and don’t want change.
Or you could wonder if they have a point. Their protest isn’t as much against the trade agreements per se, as against increasing dominance by big, multinational companies that have as much cash as a medium country’s GDP and so much power they sometimes bend governments to their will.
Wall Street could harm Main Street once again
The five-year old recovery has yet to be felt in the real economy. For people who find it difficult to find jobs or for those whose salaries have stagnated, it still feels pretty much like a recession.