Summer? Lets Roll!

* Remember back in January, when folks were wondering how to ditch their dollars and get into Euros? That would've been a huge mistake. Just at the point when folks thought the dollar was going to $0, it began an impressive rally.

* I had a couple turkey burgers over the weekend. Livin' large!

* I'm starting to get really concerned at the housing bubble. I think a lot of folks who are on margin are going to get in trouble. Now you might ask at first, what does butter have to do with housing? NO... MARGIN! Anyways, a lot of folks are very leveraged with no-money down and interest only loans. What happens if we have 7 down years like in the 90's? Most folks with fixed-interest loans who keep on working and making payments will be fine. But those speculating in the hottest markets with "investment properties" might be in trouble. I don't see how they can overcome the monthly expenses to make it work out. Once you factor in real estate commissions, taxes, association fees and such. I wonder when folks will get tired of losing money month after month?

* Miss Canada won the Miss Universe pageant. Who won your office pool on that one?

* I've been reading some liberal blogs, which are generally caught up in bizarre partisan rants day after day. One of their latest claims, is that Americans are worried about gas prices and jobs. I think folks are pretty complacent. The market has rallied quite a bit since October 2002. Housing prices have moved up. Interest rates remain near historic lows. Unemployment is near what the Fed calls "full employment." Oh, and don't mention Iraq. Then these folks go into a rant about how Bush "lied." Seems most folks realize he acted on some bad information, and it wasn't the best decision. But who is going to shed a tear for Saddam?

* As I type the stock market trying to make a little comeback. We have "month-end strength" working in the bulls favor, as 401(k) contributions automatically hit That should take us through this week. I'm wondering if and when we get a dip, how far it will go before those who have been on the wrong side or on the sidelines jump in and try to make up some $$$?