October 5th, 2011

Investor Confidence is Shot

I don’t know about you, but I’m getting tired of the daily barrage of economic reports.

It’s Monday and the Purchasing Manager’s Index is up – great. Oh! Sorry, it’s now Tuesday and Housing Starts are
disappointing. Wednesday, Consumer Sales numbers are lousy but that’s good news because things are not as bad as we thought they would be. Thursday, inflation is low but, oh no, maybe it’s too low. Friday, European Banks are on the verge of collapse, for the 5 th time. Saturday, thank God it’s the weekend and no one reports.