Just Sittin

We asked a local realtor how business was recently....she said when asking potential buyers after showings if they were interested.....they would say yes but we're "just sittin."

I asked what is the cost of new construction? Answer...lumber is at a 40 year low....labor off 25% from last year......so timing is pretty good.....especially if you can buy nice homes for a fraction of new construction.....

Of course the other issue is nobody is really lending .....we were surprised at how poor recent earnings were at the major money center banks...

SIMPLE MATH....the treasury takes another $140 billion from the markets this week///from "investors" willing to get 2% pretax and pre devaluation.....imagine if $140,000,000,000 had gone into equities or real investment in the USA......this government is sucking the life blood out of the economy....it should be no surprise everything is slowing down AGAIN.

New Rule Of Law?? A new bill being proposed would allow government to seize a company, fire directors, wipe out shareholders and force creditors to take big discounts on their debt....nice...

"As an American I am not so shocked that Obama was given the Nobel Peace prize without any accomplishments to his name, but that American gave him the White House based on the same credentials," said the former speaker of the house.

Said a famous dog trainer...."dogs love to be led, they accept you as who you are...But they won't be around unstable energy. That is how much integrity they have. Not so with humans, (they) are the only animals that will follow unstable pack leaders."

The next 12 months will be challenging....emotions will be sky high again like last years elections....America has one more chance to right it's wrongs in the mid terms elections in 2010.

Major cycle work suggests more very significant swings with either a high or low in the spring of 2011. In other words if the transition out of bonds and cash is not orderly into equities...than another retest is in order.....the DJIA monthly close of 9000 is considered a key level.

Long term we know through the devaluation of the dollar and rising interest rates... leaves investors only one asset class a winner...hard cash flowing assets...like Exxon.

Danny Seen here....really amazed at the current complacency transpiring here in the home land.....