Saturday, March 12, 2011

"All I Got was This Lousy T-Shirt"

I'm not all lathered up enough to peel off a one for the ages posting, so I'll give you what I got.

Earthquakes, Tsunamis, nuke reactor meltdowns, Asian inflation, and Middle East clashes, unrest and potential oil delivery disruptions.....Euro Zone downgrades.....hey but Martin Armstrong just got released from prison.

ECRI still growth improving. Many aspects of growth in economy here are not visable, and the "experts" keep telling us don't worry until gas is $4.50 a gallon for signs of slowing consumer demand.

Not too many GAS SIPPERS on the road here in the U.S.........$65 FILL UPS are NOT making consumers feel flush in the pocket.

We haven't even started the summer drive explosion where prices peak out.

We have a recovery of sorts, even if it doesn't seem like it, but that recovery of sorts has NEVER been on sound footing....$4 gas is not going to help.

There are signs of weakness in the bull wall, but it is FAR from ready to crumble......IMHO the decline is not quite over based on the broad weakness and slack demand on the rebounds......there will probably come a price that will attract more buyers, that will also show in multiple 80% up volume days or 90% days.....that hasn't occured yet.

Let's face it, housing is not going to be part of this recovery, not for some time.....that does beg the question what is driving the recovery and is it sustainable......I have my doubts there.


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