You Snooze, You Lose!

A Senior manager at a major broker dealer said, "obviously we didn't envision market dislocation of this degree." As losses mount the vultures move in. "Necessity never made a good bargain", said Ben Franklin as well as "He who lives upon hope will die fasting.".....In the past few days look how many deals are getting cancelled, downsized or postponed...all this was very predictable and is also healthy....

China's auto manufactures will consume 12.55 million tons of steel this year...this will increase to 27.67 tons by 2010. In 2006, China produced 7.28 million cars, ranking third in the world. That is called momentum!

Month end and quarter end horse trading has all the hedge funds wishing this market would close as soon as possible....the press has already declared Hillary the winner in 2008 saying the new young voters are voting to the left as their choice and the Hispanics....both want to be taken care of with the new American Entitlement mentality...this is bad for America and probably the markets long term....stay tuned there is still a lot of time before the elections.

It sure feels like too many people aren't doing their homework. They're snoozing.

Danny Boy seen here is looking forward to his first 4th of July celebration....