Tuesday, February 09, 2010

Rally time

The markets surged back another 1% this morning on the assumption that the EU is going to bail out Greece. Apparently, in this game of chicken the EU blinked. Nothing is confirmed so we'll watch things today carefully. The tea leaf readers are calling for a little pop in the markets here followed by 15% correction in the next couple of months. I don't know how they make that determination (its makes their charts nicely symmetrical though) but they have been driving the markets so it's worth watching.

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I read this report and shouted at my computer screen "YES! THAT'S WHAT I'VE BEEN SAYING!" (sorry for the caps lock outburst).

The National Federation of Independent Business Index of Small Business Optimism improved slightly in January to 89.3, 1.3 points above December's reading. But optimism has clearly stalled in spite of the improvements in the economy in the second half of 2009. The quarterly Index readings have been below 90 for 7 quarters, indicative of the severity and pervasiveness of this recession.

"Small business owners entered 2010 the same way they left 2009, depressed," said William Dunkelberg, NFIB chief economist. "The biggest problem continues to be a shortage of customers."

Despite all of our efforts to "get banks lending" blah, blah, blah, the real problem is a lack of customers! No one (other than the government) is buying.

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Like I've said, I won't put ads up on the blog b/c I think you are a little too sophisticated to pepper you with "Mortgage rates hit record lows!" and "Who's looking for you on Facebook?" ads.

However, there are enough readers here to make this a site more valuable than an ad in the local paper so...

Here's the deal - I bought a 2000 Polaris 325 ATV last fall thinking we'd use it for ice fishing. The weather and our schedules have kept us from fishing as a family this year so it's a toy that is just taking up space here at my place. If you know of anyone looking for cheap, reliable 4 wheeler shoot me an email at blantier2@gmail.com. I'd consider trading for some kayaks or magic beans :)

Thanks - we now return you to your regular programing.

Cheers!

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