October Correction

Our favorite names and countries are over bought and need to correct...like a healthy market always does....we have been straight up since 9/10/07 and need a rest. The market is rotating into financials and real estate and out of hydrocarbons, materials and....especially China and Brazil.

China now has 50 cities larger than Chicago...our third largest city. India has 62 second tier cities beginning their build out of infrastructure...their biggest challenges are the need for roads, airports, water treatment and housing..

Every eight minutes-

-60 babies will be born in the USA
-244 babies will be born in China
-351 babies will be born in India

One out of four workers today is working for a company they have been employed by for less than one year. One out of two less than five years. The US Department of Labor estimates that today's learner will have 10-14 jobs by the age of 38.

3000 new books are published daily

One out of eight married couples have met on line.

65% of the World's reserves right now are held in US Dollars, 35% in Euros and 5% in other currencies. The Euro is over valued and the dollar undervalued. The cash surpluses have few alternatives to the Dollar...it will hold here.

Gas at the pump has not gone higher because of falling ethanol prices being blended in with the gasoline.

Nothing has changed we are in a bull market that needs a rest...

Danny Boy seen here at the final tennis match of the year.