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Going into today the S&P 500 is unchanged for the year. The US stock market is the best relative performing stock market in the world. America's debt/ bonds the most desired and best performing in the world....inflation and interest rates are at record lows.....Corporate balance sheets (ex financials) the most cash rich in 40 years, their profit margins at record levels.

While "Rome is burning" we debate why the stock market crashed (still don't know) two weeks ago (funny isn't it), esteemed members of congress debate new laws in Arizona, but when queried if they have read the new ten page law they answer no....they don't read anything...never have....they are unread, out of touch and about to lose their jobs (finally).

The press has begun to turn on wdc, llc., since they no longer hold press conferences....have you noticed there is no longer the daily chats....and zero Q&A...the press is starting to realize what the real story is....and the politicians don't like it...this will turn brutal this summer as new people run for office in November.

Our friends on the "deflation" side of the equation must believe all this sovereign debt will be repaid in current dollars....it is now mathematically impossible.

Hope and change now has turned to fear......but at higher stock levels.......

Stocks are over sold and cheap
Bonds are over bought and expensive
Gold and silver look perfect after their rest
Oil is over sold

All this and we are still in MAY....it is going to be a long summer at this pace of volatility....pick your favorite companies.....time to nibble on the super blue chips again....

Danny Boy seen here looking very closely.