Oh the humanity! Retail sales -- all that stuff we buy -- fell 0.4% last month, the Commerce Department tells us, and Miss Market gave us a quick backhand slap across the face. Who are we to argue? She responds as she will and we must take it like men. “For king and country…” as James Bond (alias Sean Connery) famously reported as his reason for dallying with a cold war spy.
But all will be forgiven. I can see Connery canoodling with the Bond girl in the lifeboat after defeating Dr. No and Auric Goldfinger and crushing Smersh, or was it Spectre?
Oh well, whomever the foe, the rally will resume, I think.
Consider that Ford, though we shareholders suffer from the dilution, has enough confidence to test the appetite of equity investors (aka, gamblers) with its intention to bolster its balance sheet from the sale of new stock.
Consider that banks are champing at the bit to be rid of TARP dough so they can again compensate their brilliant employees as much as they want.
Consider that oil is flirting with $60 a barrel.
We are leaving our secret lair as if all were going to plan. Obama, Bernanke, Pelosi, Reid, Geithner (or whoever will eventually replace him) will not be denied, despite the gnarled remonstrances from the ancien regime.
We are also working on our hideous short game. If I chunk too many tomorrow, then so be it, but staying with F, PALM, AMD (getting a boost from the EU sanction against Intel), DXO. Money supply and deficit spending will get it going
Kev (yes, he’s still a third person and green-shoots guy) is looking to make it four in a row. Chipper Jones and Martin Prado are my heroes today. You can look it up.
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