Thursday, June 14, 2007

One Billion

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A billion seconds ago it was 1959.
A billion minutes ago Jesus was alive.
A billion hours ago our ancestors were living in the stone age.
A billion days ago no-one walked on the Earth on two feet.
A billion dollars ago was only 8 hours and twenty minutes, at the rate our government is spending it.

Oil passing through $66-67 is a big number and as the world has trillions of "dollars" to spend they are starting to chase everything that can be bought, held and consumed. Russian's say "money is meaningless for them" as they buy art work this week at prices five times greater than expected....once people get in the crowd mentality they will buy and sell at any cost....anything...

We have a classic perfect storm for the bears right now...the Fed says things are pretty good with the exception of residential housing...month end/ quarter end, triple witching, Russell rebalancing...with two weeks to go has everyone in the fast money crowd scrambling....and under performing again...

Lets hope they get the computers fixed in the International Space Station!

It is nice to be long when the trend is your friend!

Danny Boy seen here likes to play in the sprinklers..cools him down...the drought continues!