The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Silver Super Bull who wrote (2818)	12/3/2003 9:25:11 AM
From: russwinter	Read Replies (2) of 110194

Consumers are 75% of the economy, and I don't see how the bulls can justify current valuations based on some inventory rebuilding, a bit of a replacement cycle, and runaway commodity inflation (actually a negative). NG has spiked to $ 5.50 the last two days, and oil is pressing against $31 again. Maybe they can count those winter energy bills as "retail sales"? The W&S numbers I'm tracking have just barely improved in the last two months. Message 19551111 Interesting to see that Japan's financial sector was routed last night on the Ashikaga developments, and hardly a mention this morning here. They are ready to buy more tech stocks.

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