Wednesday, February 15, 2012

Can Linsanity be the End of the Bear Market?

It at least would coincide with a national mood recovery.

Jeremy Lin is different. While at 6'3” and 200 pounds he's anything but undersized for an ordinary man, he's physically, culturally, and emotionally someone Americans can relate to. After what we've gone through as a country over the past decade, who among us can't understand feeling too small, overlooked, and seeking job stability, just hoping anyone will give us a chance?

Yeah even though he had a Harvard degree two teams passed up on him and the Knicks nearly cut him. Now he is on top of the world. The thing that is interesting is that he looks like Jeremy from Accounts Receivable and not your typical tattoo covered NBA star that was special from birth like Kobe or LaBron. 
 
I mean Americans can relate to the idea that they are overlooked by Washington,Wall Street, and the rest of the world just like Lin was overlooked by the rest of the NBA. The everyman that makes good meme is deeply ingrained in America. It shows up with Abe Lincoln (lawyer from Illinois becomes President,) James Braddock (Longshoreman from Hells Kitchen becomes Champ)
 
Maybe the "everyman that makes it good" spirit will be reflected in a doubling of the S&P500 like what happened when Jackie Robinson and Fernando Valenzuela burst on the scene in the 40s and 80s respectively.

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