They're historical illiterates, have the attention span of gnats, and spend their money like gangbangers on booze, broads, and bling, so I'm not awed by their prognostication abilities

Splashathon, Sag Harbor

[The host] “does regret some aspects of the party, like the dwarfs dressed in red-white-and-blue suits carrying champagne guns. ‘I would probably not make that decision if I had to do it over,’ he said.”

Inflation hits 8.5%, Wall Street is trading up on the news.

Despite the increases, markets reacted positively to the report. Stock market futures rose and government bond yields declined.

“The big news in the March report was that core price pressures finally appear to be moderating,” wrote Andrew Hunter, senior U.S. economist at Capital Economics. Hunter said he thinks the March increase will “mark the peak” for inflation as year-over-year comparisons drive the numbers lower and energy prices subside.

mr. guido sarducci, morgan Stanley, celebrates the good times to come