Was just seeing the 10yr breach 3.25 which mean conventional 30yr. mortgage will be above 6% today, double what it was 6 or so months ago. But we are beyond housing now, and I am a total macro person. Yes gas prices are way down, but food prices are not. $3/lb for a red onion, are you kidding me? My electric bill just went up 25%, and I have FPL. Not complaining, but Nat Gas is a problem. So I ask how does the average guy make it? They don't. Now they are talking about ECB and B of E rasing 75 bps? And those places are already in a depression. More over those raises are doing nothing for the Euro or the Pound. And the Yen, forget it. Every company is laying people off, yet there are plenty of job openings on the lower end b/c productivity is horrendous. I have no idea about Stock Market bottoms, etc., but I am layering short term treasurys in the auction every week, and if there is a stock or two that gets to a level I like, I will buy it. Overall market, not my balliwick. I like individuals. but I believe this. It will not end until credit spreads blow out and perhaps a day when Apple is down $10 in a day that will tell you that people are raising money, and when they need money they sell what they can, not what they want to. And you know the stock market is 4 or 5 stocks.
Crete, I told you last week. The best thing to do is go on a vacation to Europe and Asia and reap the benefits of that DXY!!!!