Our overpriced markets, which ran up solely on election momentum, now face an almost perfect storm.
Who'se going to buy a three and a half year high;
In a rising rate environment
With a punk jobs market!
A falling currency.
With ever increasing commodity prices, not the least of which is OIL and gold.
And an expensive and unwinnable war,
That is destablizing the key oil producing nations in the middle east.
And a Kongress that is clueless about the "twin deficits," and only capable of proposing more of the same.
And a corporate culture that is more intent on looting, than growing their companies domestically.
THIS IS THE PERFECT STORM FOR WALL STREET.
AND THIS MARKET HAS A LONG LONG WAY TO FALL BEFORE IT'S ALL OVER.
But know this----sooner or later: THE DOW WILL RISE AGAIN!
Maybe even tomorrow? Ya think? .......Nah. Not yet.
