Tom; Maybe most see the Goldman Sachs cancellation, as a sort
of bottoming sign. After all there were questions about them
going public and getting out before a sell off. To me them
changing their mind is a slight positive, in this sea of negative
news.
I spent all after noon and late yesterday hunting up and reading
alternative news sources, we are inundated with such as CNBC
PA, Reuters , News wire, and I'm not sure that most of them are not
in the same type hands. I sure found a lot of stuff we don't
normally see.
The Japanese Times took up most of my time, not only do they see
things a lot different than we do their press looks
more comprehensive and honest.
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Now with oil prices going up I will be very skeptical about,
any run up in stock prices it don't make sense. Oil is priced into every thing, and the recent rise in it along with the dollar falling
spells hard times ahead. I don't buy into the story that a falling
dollar will help our exports, thus save us, the Japanese bought that story, and tried to export themselves out of the hole, with exports
at record levels all they did was drive themselves into the ground.
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Jim
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