Amid the happy talk about the economy from various pundits, sixty percent of people polled by USAToday say the US economy is getting weaker. This, when we are likely to hear that the economy produced 200,000 "jobs" in March.....?
And of course, gas is way way up and the markets are floundering and mostly down... And there is a real possibility that THE SPRING CRASH will happen again this May, just as it happen last May when the NYSE was making 800 new lows everyday for the first part of the month.....
While many are talking up the dollar based on the Fed statement, another group of pundits are saying that the Fed isn't going to go 50 bp anytime soon and the dollar's decline will continue for that reason.....among others.
And of course, Dubya's approval rating among conservative men has fallen off a cliff....and naturally liberals never did agree with Dubya... And this Schiavo carinval is just becoming a freak show that only the American media could produce!
IN SHORT, THERE IS NOTHING BUT GLOOM AMID THE HAPPY TALK......
Well, any really 'good news' should probably be reason to sell..... Income plays are starting to roll over like it's May 2004...... And if Terry Schiavo does die....I'm sure she will get a state funeral by the Bush Administration....with all and sundry in attendance denouncing the judicial branch of government........ AND THE CIRCUS CONTINUES....
Have a great holiday weekend and just turn off the news...... Try to make your March Madness into......Go Big Ten,,,,!
Plenty of time for gloom and doom next week..... stay tuned.
