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3 bill we begin this 3 morning with an update to a story we have been following on news 4. A longstanding lawsuit over the splitting of reno and truckee meadows Fire Agencies is now settled. The lawsuit was filed in september of 2014 by the city over unresolved costs from the 2012 deconsolidation of the agencies. So, now that things are settled what does that mean for each side. Under the settlement, both sides have agreed to drop Financial Claims against the other. And the district will pay back Workers Compensation money it began withholding when reno filed the suit. In the end, truckee meadows will pay more workers comp. Plus interest to the city of reno. During yesterdays meeting. Mayor Hillary Schieve actually brought up the possibility of consolidating ....
My take is dont get too excited. Why . Because we just found out why weve been going up. Weve been going up, s p, people trying to figure out why. You have good employment. You have workforce growth and the hours not that great because of the weather, but i think you say to yourself, well, why is the s p going up every day . Oh, employment has gotten better and thats a major switch would it shock me if the market takes some profits in this . No, because its been going up on anticipation of something good and then we got the big enchilada good. I kind of like it. The s p has rallied the past ten jobs fridays in a row. Some say thats a ridiculous metric, but maybe its time for a reversion to the mean. No metrics are ridiculous if they just look, i forgot to wish the bull market happy birthday. Of course, it never happened, you know that . You know the bull market has never happened. Jim has been on a tear lately of the haters of this market, right . Yes. The haters will have to asterisk ....
This is not the time to be cheap. The Pacers haven t been this good since ten years ago. They need to capitalize on this and spend money to get over the hump. ....