This is not a stock blog, but look at what stocks did this morning. The DJIA is at 10,895. We've dropped 3,395 points without being in an official recession.
A dollar will only by 0.626 Euros. Ok, we're fine at 104.29 Yen to the dollar, but that's quite an overnight drop.
Oh, I'm sure you heard that gasoline pushed retail sales up. I like how they published numbers excluding auto sales but not excluding gasoline...
Wholesale inflation is the fastest in 27 years:
http://biz.yahoo.com/ap/080715/economy.html
Yet housing was supposed to turn up in the 2nd half of 2008! I don't think so.
Got Popcorn?
Neil
No comments:
Post a Comment