CLOSEUP OF US $

REecent rally may be nothing MORE than "flow of funds" as $ fell and EURO found some support.

THE economy is not the stock market? Sometimes we just go from oversold to overbought and back again.

If we WERE in a sustainable recovery that meant anything like the next great bull phase.....we would see 2 things for sure.....A REAL IMPROVING JOB MARKET....that shows companies demand is great enough to take on extra workers and absorb their costs.

The moving 4 week average on claims in 463,000 a drop BELOW 400,000 would be equal to some job growth.....this figure is not acting like it did during ANY of the previous recoveries from Recession.

And the most recent chart of the housing mkt I posted, and article on housing show we have barely nudged off the HISTORIC CRASH LOWS.....even more frustrating when you consider the amount of government intervention and stimulus thrown at it AND the HISTROIC LOWS IN MORTGAGE RATES......add in EXTRA stress as we enter the deacde of potential DOWN SIZING from the aging baby boomers......go ahead.....let her ride if you see blue skies

D