Higher oil prices and interest rates, along with GM nearing bankruptcy, pulled the markets down, and pretty much all of Tuesday’s gains were surrendered.
Our domestic Trend Tracking Index (TTI) moved again further away from breaking its trend line to the upside (-1.84%), which means that, barring any extreme upside recovery, a domestic buy appears unlikely this week.
Economic news seems to be interpreted in different ways, of course, depending on who you ask, but no one seems to have a clear cut idea as to what’s next on the horizon. Hopes of recovery by the end of this year are on the front burner, but we can’t be sure.
Given this constant barrage of bad news vs. encouraging news, let’s look at how bad the economy really is from a humorous point of view as submitted by reader Tom. I hope this will put a smile on your face:
The Economy Is So Bad…
CEO’s are now playing miniature golf.
Even people who have nothing to do with the Obama administration aren’t paying their taxes.
HotWheels and Matchbox stocks are trading higher than GM.
Obama met with small businesses to discuss the Stimulus Package: GE, Pfizer and Citigroup.
McDonald’s is selling the 1/4 ouncer.
Parents in Beverly Hills fired their nannies and learned their children’s names.
A truckload of Americans got caught sneaking into Mexico.
The most highly-paid job is now jury duty.
People in Africa are donating money to Americans.
Motel Six won’t leave the light on.
The Mafia is laying off judges.
And finally …..
Congress says they are looking into this Bernard Madoff scandal. Hey, great idea…. the guy who made $50 billion disappear is being investigated by the people who made $750 billion disappear.
Comments 3
Ulli,
Those one liners in your blog today are absolutely hilarious, my wife and I are still laughing.
TrendMan
Don’t quit your day job! : )
Letterman and Leno need you!