S&P 500 closes at record high; states eye getting high on pot tax

Perhaps the wobbly legged economic recovery, which has been even too pokey to be monitored by sundials, has picked up speed and soon may be galloping along at a clippety-clop pace.

After all, aren’t you sick of feeling as if you’re hunkered over a $10 Philco radio in a Depression farmhouse?

I have been asking God to give me some clear sign that financial salvation is thisclose. Like making a large deposit in my name at a Swiss bank.

Now deliverance could be at hand. The S&P 500 capped off the first quarter today by closing at a record high of 1569, erasing the previous mark set in October 2007.

The key index, a better reflection of the American economy than the Dow, which set its own record recently, has been flirting with the record for weeks but has been consistently beaten down by investors wary of the bailout circus in Cyprus.

Cyprus circus clowns be damned. We’re on a record high.

Speaking of highs, cash-strapped states are eyeing a pot tax.

Legislators are seeing dollar signs in dime bags — with talk that a tax on marijuana could pump hundreds of millions or even billions into state budgets still reeling from the recession.

A cash influx like that could really, pardon me for this, light up the joint.

2 thoughts on “S&P 500 closes at record high; states eye getting high on pot tax

  1. Murray says:

    With all the restrictions that have been placed upon smoking, even if marijuana were legalized and taxed, where could it be smoked? The government is one curious beast. It wants the tax revenue from something and yet it also restricts the use of the same thing.

  2. Gwen says:

    Light up the hooka and let’s do the bunny hop.

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