Engage Primary Weapons

"Engage Primary Weapons And Put Some Wood On It" sound advice from Andre Agassi when asked how Andy Roddick should approach Roger Federer in the US Open tennis match this fall.

So 10 weeks to go for the year and we have yet another consensus that is very well publicized by the media.

1) Record short interest
2) Record premium for put options since 2001
3) Net short position of 75% in the oil markets
4) net short position in the nat gas markets
5) The cover stories on major periodicals is the end of the housing markets
6) All major brokerage firms are calling for a major slow down in the economy starting Jan 1st 2008.......for the fifth year now in a row.
7) The press is 100% against the US dollar calling for it to be worthless in the near future.
8) The press is saying the country is warming up to Hillary and she is now the next president.
9) Taxes should go higher cross the board because that would be good for everyone and everything...(remarkable that people get a warm fuzzy feeling about that)
10) The stock market is making a major top (only retraced its losses from last August) and everyone is ready for it to collapse (we now have the least expensive market in the world except Brazil)

It is rare for this to be so absolute in its enormity and naivety.

So what is really going on?

1) Shipping rates new highs
2) Steel prices going up 20 to 30% because of demand
3) Oil going up...demand exceeds new supply and rising depletion rates
4) India at new high up 4% last night
5) China new highs
6) Brazil new highs
7) S&P 500 new highs, breaking out from the old one set eight years ago...(do you think the world has changed since then?)
8) Record high temps here in MN and record rain fall...drought is over...a good thing!

How can people complain about all this?

The left attacks Rush and he is not even running for office. They have little left to talk about....

Danny Boy seen here.... likes to chew on wood and use his primary weapon, his nose...and he likes what he smells right now.