DAVE ROSS

Is it OK to feel good?

Oct 28, 2011, 8:17 AM | Updated: 9:23 am

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Listen to Dave Ross Commentary:Is it OK to feel good?

When the stock market goes crazy – and I mean crazy in the up direction — the way it did Thursday – when it racks up points like a pinball machine–

Ding ding ding! Is it OK to sing along? Is it OK to feel good?

Because yesterday, it’s true, a lot of already rich people became even richer. The super rich became the ultra rich, the filthy rich became the filthy stinking rich.

But on the other hand, a lot of ordinary middle class people, many of them in the 99 percent, could go online and see some hope that they may get to buy some clean undershirts and even retire someday.

So which side do you root for: the people who want to change the system, or the system, which can giveth so abundantly as well as taketh away?

What I’m saying is, we hate drunk drivers, but we don’t ban the automobile.

It’s outrageous that the financial industry got politicians to de-regulate them, and then once they got the keys to the liquor cabinet, drove right through the guard rail…

But a few more days like yesterday, a few more days with news of companies hiring, and money in your pocket? And camping in the park in the rain next to a stranger looks less attractive. Not that I’m against the movement because I think it deserves some of the credit.

We all know that there’s a small group of people flipping the switches that steer the markets this way and that. And I wouldn’t be surprised if we learn years from now when the history of this period is written, that those folks meeting in Europe the other day were just a little bit scared by the spread of the protests, and worked just a little bit harder to get that debt deal in place.

Because they know that this is the kind of thing which, if it gets out of control can’t be stopped by tear gas, but only by the sweet smell of prosperity.

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Is it OK to feel good?