You can’t inflate your self out of this one

Given the so so volume yesterday I am still holding the position that this is a counter trend rally, not the beginning of a new bull market.

There are some Long term positive trends:

-Export boom
-Technology Migration of Work from Home Revolution or Kitchen laptop revolution causing huge new business formation
-Energy Boom: drilling, oil services, building nuks, infrastructure, and so on adding vast numbers of new jobs (all predicated on a major change in US energy policy)

But perhaps it’s the politics of the rush to the bottom or the search for the lowest common denominator, but the latest “inflate your tires “rhetoric with the assumption that everyone is driving around on flat tires is just too stupid for comment! Next we are going to be told that if we don’t eat we are going to be hungry or if we don’t breathe we will suffocate. Given the nature of the demeaning insults hurled towards the public, its no wonder there is no confidence in the US economy and no perceived leadership from our elected officials. I am beginning to think that if the mainstream media continues this paparazzi style coverage of Mr. Obama the public at large will become quickly disenchanted and the mainstream media will continue to expedite their demise.