SLICK EXCUSE

OIL is again being used as the reason du jour for a weak market...balderdash....we have had HIGH oil for months now it is INGRAINED in market....they just NEED a catchy phrase to explain the day.

MAY dept stores sales and earnings plummet....but housing stays hot?

HOW MUCH have we BORROWED from FUTURE DEMAND?

With NO SAVINGS we lack ability to invest in our own enconomy.....using the worlds savings to consume instead we have put ourselves behind the EIGHT BALL.

There is a limit to the crdit expansion, there is a limit to every cycle.

Now , that doesn't mean the world implodes, but there will be challenges ahead,and as always there will be winners and there will be losers.