Just back from attending the Nantucket wedding of some very dear friends. Hit NYC en route to the 'Tuck' and both were wonderful. Incidentally next time you are in NYC, please dine at Blue Hill and Nomad. Both were startlingly good. And Nantucket...wow!! All jokes aside about Nantucket Reds and critter-embroidered clothing, the island is remarkably beautiful. It was truly a perfect weekend filled with old and new friends joined together to celebrate a wonderful couple.
And what a great time to be in the US. Finger-pointing election banter aside, it really feels like things are improving. I realize NYC and Nantucket are hardly a broad measure of the American economy, but the US stock market (both S&P and Dow) trading at multi-year highs is a real measure. Moreover, NYC, the city where risk appetite is set, is buzzing. Real estate is flying; Restaurants are packed at 10:30 on a Sunday night; Hotels are at occupancy; Gyms are charging U$30 for a group spin class..WOW! Likewise my favorite company Apple (see previous posts), just topped U$700/share following reports of massive iBinging.
I'm not trying to be unrealistically optimistic here. It's worrying the US has a fiscal deficit problem that must be addressed. But, for now, it looks like the stock market is the place to hide.
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