THE MANIA ON WALL STREET MAY CONTINUE FOREVER...
BUT, THERE ARE A FEW "SIGNS" THAT THINGS ARE NOT GOING TO BE ROSY TOO MUCH LONGER...
CONSIDER:
THE 10 YEAR BOND IS FALLING...AND THE YEILD IS NEARLY 5%...
GOLD AND OIL ARE RATHER PEPPY DESPITE THE BASHING THE HEDGE FUNDS AND CENTRAL BANKS ARE DISHING OUT EVERY WEEK...
THE DOLLAR HAS "STABILIZED" AT A RATHER LOW LEVEL AND COULD BE CONSOLIDATING FOR IT'S NEXT LEG DOWN...
AND OF COURSE NOTHING GOOD IS COMING OUT OF WASHINGTON OF ANY KIND.
FINALLY...IT SHOULD BE REMEMBER THAT THE EFFECT OF HIGH GAS PRICES ON THE CONSUMER IS NOT IMMEDIATE... BUT RATHER A DRIP-DRIP-DRIP DECLINE IN SPENDING POWER...
SO WHEN GAS IS OVER $3 PER GALLON...IT IS NOT VALID TO GO TO RETAILERS AND EXPECT THEIR SALES TO BE DOWN...THAT DAY...OR THAT WEEK...
HIGH GAS PRICES...SAP CONSUMPTION SLOWLY OVER TIME...THEY DON'T DROP IT IN IT'S TRACKS...!
