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Double-Dip?

declining chart

Last week retail bell-weather Best Buy (BBY-NYSE) reported disappointing earnings. As the CEO Brian Dunn put it “store traffic is “choppy,” adding that “consumer spending is episodic … It appears that customers are operating on cues from the broader environment.” Well, if that is the case, then expect even worse numbers ahead. The American consumer […]

Plugging the Leaks

Oil Spill on Beach

As I write this BP is trying to plug the leak from its well on the floor of the Gulf of Mexico. When all is said and done the magnitude of crude oil that has been pumped into the Gulf will dwarf that of the Exxon Valdez. It’s been a season of man-made disasters. The […]

The Greek Tragedy Spreads

If you’ve been following these pages for the past few weeks you should be well versed in two things that are going on in the world right now. First, the events in Europe and the resultant effects on the US markets and other markets. We have been particularly bearish of late, and just the other […]


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