Labor Day, the first Monday in September, was created by The Labor Movement and is dedicated to the social and economic achievements of the American worker. Yes, this includes the American investor, and those great innovations: the exchange traded funds (ETFs). Some would say it is a celebration of the contributions workers have made to the strength, prosperity and well-being of our country. This day is in honor to you, to all workers who toil daily and keep the American economy humming. Most of all, this is a day of rest and a time of peaceful tranquility with no work to be done. So do yourselves justice, and take no time for work on this day. Don’t log onto your computers, don’t wonder what your money is doing and pay no attention to the performance of your ETFs. Don’t worry, Tuesday morning will be here in no time, and fall is just around the corner. There is plenty of time to work.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.