It was an historic week to be alive, and the highlight of the week was Wednesday 12/12/2012.
First up, at 12:30 EST the US Federal Reserve released the FOMC statement and - for the first time ever - tied exceptionally low interest rates to a specific unemployment figure - 6.5%. Since we may not see that unemployment rate in my lifetime, they essentially indicated rates would be low for an indefinite period! They also increased asset purchases to $85 Billion a month in an effort to keep long term rates at the current "exceptionally low" levels.
All this is of course good for Equities and they market had been expecting this so reacted with a morning rally and and afternoon sell-off, and ended the day essentially flat. Stocks have had a nice run lately getting my account back to the higher end of the recent range.
Later in the day on 12/12/12 was the Concert for Sandy Relief broadcast live from Madison Square Garden in New York City. This concert included the greatest line up of rock musicians ever on a single stage including Bruce Springsteen, Roger Waters of Pink Floyd, Bon Jovi, The Rolling Stones, The Who, Billy Joel and Paul McCartney. Any one of these acts could have sold out the Garden, but they all appeared together interspersed with celebrities and comedy from Billy Crystal, Adam Sandler and others. And it was all broadcast for free on TV and combined with real time commentary with my Facebook friends. And all for a great cause with all proceeds going to the Robin Hood Foundation for Sandy relief.
I have always had an appreciation for the number 12 since it has a lot of unique properties. 12 is a special number and 2012 has been a pretty good year overall, and this was a rare day, never to be repeated in my lifetime.
And on the topic of Once-in-a-Lifetime-events, we congratulate Daniel Fernandez, webmaster of Asirikuy who is getting married this weekend to his sweetheart Paola Torres. Best of everything Daniel and Paola, and I will leave you with words spoken to me by the Limousine driver on the day I was married just over 20 years ago:
"What's hers is hers, and what's yours is hers".
On a final note, I finished with my real job for the year and ready to reap the fruits of my labors and live off the fat of the land.
Happy Holidays to All!!!
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