WHAT WE THINK ABOUT WHAT YOU THINK ABOUT.
Well, the market closed up today. Thatâ€™s six out of seven sessions. And itâ€™s nearly 1000 points above the bottom, right? Housing starts were up, as were construction permit applications. Wholesale prices were up, but just a little. Food prices down, fuel prices up. Consumer spending and retail sales, both steady.
Itâ€™s like weâ€™re in one of those Tarzan movies. Youâ€™re running through the jungle and fall into a booby trapâ€”a pit covered with some branches. At first, you panic, because youâ€™re shocked at the ground giving way. And then you feel yourself fall, but you donâ€™t know how far. Or whatâ€™s at the bottom. Then, you hit with a thud (a little bounce, which is better than a splat). You lie there for a while. Roll over, look up at the light shining into the hole. Check to make sure nothingâ€™s broken. Pull yourself up. And then begins the climb.
I guess weâ€™ll be climbing for a while. And we have scrapes, scratches, bruises, sprains, strains, stoves, and maybe even fractures. But, for the first time in quite some time, we appear to be still alive. So, thereâ€™s that!