Much of the hype about the "4th quarter comeback" is based on the stock bubble which arose after the FED quit raising rates...
The retail sector is struggling...despite the fake numbers from the government...think, Walmart, Home Depot, and the Auto Companies...not the hype from the government statistics.
Houses will continue down and will take a toll on consumer spending... And many housing speculators are likely going back to stocks causing BUBBLE REDUX on Wall Street.
The dollar is still weak...and China totally dissed the high level US delegation to talk up the Chinese currency... The Euro is holding above 130...which would have seemed unlikely 6 months ago.
Oil is up in real terms and in the LaLa land predictions of the pundits... There is this notion that you can have $80 oil...because it's bullish for oil stocks...and not have a knock on effect lower down in the economy... Basically, another round of $3 gas will finish off the bottom two thirds of US consumers...
Most of the recent Bubble Pricing...has been caused by Wall Street's "Bonus Army" who want to turn in a good performance on 12/31 no matter what... And as usual Tout TV is providing all the hype needed for the retail suckers at the end of the day...
