Friday, June 27, 2008

End of the Bull

Consumers Rule, then look at the banks we count on

Seeking Alpha June 27, 2008
Okay, I guess that about does it for the bull market, but wait--there’s one more day left in the week [snicker].

Picture[s] are worth a thousand words, so let’s get to it.
Consumer Discretionary Spending XLYBank Index KBE

Norton's comment: I believe we are in for a big drop this summer so be prepared for buying opportunities while it lasts. You should be building a long term profile for you portfolio during this volatile time. We are in for a long, long continuing period of denial of the real and crucial shortage of fossil fuel resources in a world with increasing population and emerging market demands for resources.

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