If a slow economy is good for stocks then Wall Street will be very happy for the next few months... Because this economy is dead in the water as far as I can tell.
All the bubbles are collapsing at once...Stocks lack credibility. Bond yeilds are too low. Real Estate is completely off base. Jobs and wages are punk. And many parts of the globle are eating our lunch nowadays.
Let the slow down begin... But sooner or later Wall Street is going to have to come to it's senses...
But alas, not during the Dog Days of Summer... Give it a week...Labor Day will be a water shed event...
Curiously I think the street could rally on the prospect of a Democratic takeover of the Kongress this fall.... There is a longing for a change...anything to break away from the tiresome Republican mantras that are getting old.
