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More bullish news. There is no inflation, that is why gasoline here
went from
$1.09 to $1.67 per gallon in 8 days. There are now more commercials on
TV for
investments, mutual funds, brokerage firms, and on line trading then
there are
beer and auto commercials put together. Housing costs are up an average
of 10%
on the west coast and more in other areas. Corporate earnings are down
worse
then they were just before the 1990 break in the market. Nothing to
worry
about, the average investor and 401k owner is in for the long run and a
minor
drop of 20% to 30% wouldn't bother them at all. There is a huge
government
surplus. It happens to be the social security tax, which was put into
the
general fund, so that more pork could be produced by our elected
officials.
Could this be the reason that hogs and bellies are dropping like a
stone.
There is an escalating war going on that could turn out to be another
Nam.
Asia is awash in recession and China is considering devaluation of the
Yuan,
which would do nothing but add greater stability to the region. I'm not
worried, as long as I can still go short when the time comes, there is
hope.
Have a Happy Easter and Passover holiday. Ira.
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