CASH

Total Money Market Funds divided by the S&P 500 Market Cap equals an astonishing 28% today. The last time this ratio was this high was July 1982 and February 2003. FYI....those two dates, were the best buying opportunities in market history.

"Would of, could of done no more", said the countries largest banker yesterday in front of an unread senate panel trying to understand what is going on....remember you are what you eat and the fat cats are full.....they will be dieting for years..

Really important raw materials that contribute to the Global economy are in very short supply, money (stuck in cash), almost all food groups (inflationary and very scary for the Chinese), coal, Nat gas, oil, copper and of course Chavez now wants to nationalize the countries cement industry.

As more countries start to panic...hoarding sets in and makes the problem worse..

The vast majority of investors today do not understand the current supply/ demand imbalance and of course earnings growth for the well positioned companies...

We make no mention of technology or financials...they are not and will not be participating.

Barkly seen here basking in the afternoon sunshine years ago....on the lake...his favorite past time.