While I'm glad that the stock market is doing well, I think it's a big silly that all the news outlets are talking about a record S&P500 close today. From the Wall Street Journal's site:
The push to record territory came in midmorning trading, as the S&P 500 broke past its previous record close of 1565.15 on Oct. 9, 2007. If it closes above there, it will join the Dow industrials in recouping all its losses from the financial crisis.
I'm sorry, but bullshit.
From the same article:
"It's a symbolic day... it does mean we've recovered from the experience of the past five years," said Jim Baird, chief investment strategist for Plante Moran Financial Advisors, which manages $7.2 billion in assets. "
Again, bullshit...
This is all assuming that no time has passed. When you factor in inflation things look a bit different. Not that I'm unhappy - I've got money in retirement accounts and all that and I certainly like to see the market going up (and confidence in the market and the economy in general improving), but I think that pretending everything is super-awesome because the market is 'setting a record' is the media serving us poorly.
If you go here, you'll see a chart of the S&P 500 adjusted for inflation. Are things looking bad? Hell no - it's looking really good, but it just bugs me that me we're not getting the full story from the media on this.
Sorry for being a bit of a downer - I'm actually reasonably optimistic on things, but I needed to vent about this one. It really bugs me for some reason.
About Alex Crittenden
My clients tend to be rapidly-growing and forward-thinking organizations that are looking to improve the execution and value of operations and/or sales. They are looking for a partner that has experience and expertise in building those functions and setting up processes to be as effective and efficient as possible.
With experience in building sales programs and operational frameworks - as well as delivering on both, my role is to help clients drive growth through increased sales and the efficient execution of delivering on those sales.
Additional Background:
- Built / Led Operationsat White Oak Security from 2017 to 2023
- Part of executive leadership team
- Built-out PMO, responsible for overall execution of operational team
- Developed (and was responsible for) all company contracts and policies
- Responsible for client legal contract negotiations / review
- Developed overall price modeling methodology
- Developed sales training program & content
- 20+ years of sales experience in both leadership and 'feet on the street' roles
- Value-driven selling
- Strong history of successfully bringing new services and products to existing markets
- History of working with wide range of clients in a variety of industries