This morning with us facing a crashing market and Trump issues all over the place, I deem what is occurring with the local education system more important.
I learned yesterday that the Monroe County School District graduation rate for 2016-7 was 79.2 percent.
Parents, the community and the School Board should consider the number unacceptable. And do something about it!
The problem has to have existed for a number of years. To the School Board I say what is happening in the classroom is more important than housing. Get your priorities straight! The kids come first!
School officials say there is cause for celebration. The percentage is a bit higher and close to the State’s. The State graduation level also sucks. 82.3 percent.
I have a selfish interest. Robert and Ally shortly will be attending the Key West High School. Thus far they have been educated by Montessori. I am impressed at the degree of knowledge they have acquired. I do not want it to stop when they enter high school.
The Dow dropped 665 points friday and 1,100 plus yesterday. Wow!
Trump keeps taking credit for the market. I felt the market’s meteoric rise could not continue. At 82, I have seen similar markets in my life time. I said and wrote last year that the market could not sustain itself. There would be a crash. I thought it might occur by the end of last year or early this year.
I spoke of an impending crash last week in one of my Key West Lou Live Videos. Suggested it could occur anytime. If not the immediate future, sometime into the year.
My reasoning simple. What goes up, must come down. Especially a market that moves with abnormal swiftness. Everyone getting rich thinking there is no end to the success.
I referred to Trump at the time as the Herbert Hoover of 2018. So certain I was that the market would take a dive.
It began friday. Continued yesterday. Probably will continue today. The European and Asian markets went down during the night. Our misfortune affects the world.
The market corrects itself. No one knows precisely why. The market is like a person in certain respects. If it gets too rich, it regurgitates. Pukes. That is what it is doing now. It will continue till the market feels it has reached a price correction.
To place the market’s meteoric rise in proper perspective, lets look at a couple of numbers.
The market rose 1,900 points in the first 18 days of this year. Since Trump’s election, the market has risen 8,300 points. Mind boggling increases. Not normal. Shades of 1929.
Since Trump took credit for the market’s rise, I am curious to see how he handles its nose dive.
Pelosi’s fault? Democrats? The FBI’s?
A term rarely heard. Part of market jargon. The dead cat bounce.
Market lingo for a recovery after a market decline based on fundamentals. Some people buy in at a time referred to as dips. Investing for a quick profit. Makes everything look peachy and wonderful when it is not. The market is moves upward a bit. After the quick profit is taken, the market goes back down.
Last night a quiet one for me. Dueling Bartenders at Aqua and dinner at the outside bar at La Te Da.
Tom Luna missing last night. Bobby Nesbitt sitting in for him. Not a band substitute.
Aqua Idol tonight! Lynda Frechette’s baby. A fund raiser for the Waterfront Playhouse. Great singing! Big crowd! Fun!
My podcast tonight. Tuesday Talk with Key West Lou. So many things to talk about. I have notes covering 23 topics. I am lucky if I get 10 in.
Join me tonight at 9. The show’s following grows weekly. Amazing! I even have national sponsors! www.blogtalkradio.com/key-west-lou.
Enjoy your day!