Tuesday, March 29, 2016

Nightcap 3-28-16

Stocks and oil were basically flat today. Lots of stories about Bernie Sanders winning all three primaries this week end. Not that it will matter much in the end. I think Hillary Clinton has the nomination locked up (unless she gets indicted). It looks as if California is eventually going to raise the minimum wage to $15. That might be good to those who keep their jobs, but to the millions who will never be hired it is a disaster. Raising the minimum wage to that level will only guarantee that more and more business will hire fewer workers and purchase more technology and automation (which is now cheaper, never calls in sick, and never goes on strike). Batman v. Superman did well at the box office this weekend. It might break even. I saw the movie and it was alright. Slow at times, but overall, not bad. Other than that, there was nothing else of great importance in the news today (other than the usual disasters, mayhem, and crime).

What do you think?