- Well, as I mentioned last week, I expect this week on Wall Street to have a positive bias. We have end of month strength kicking in and also pre-Labor Day trend is historically positive. I believe the day following the holiday is also historically a good one. No guarantees, of course. And one caveat is that folks are starting to talk about how good the market will be once vacationers return after Labor Day. I sense the tide may swing back to bullish pretty quickly if this is a strong week, so we'll have to keep an eye out for too much enthusiasm But lets not out think ourselves just yet...
- Looks like folks are getting on the "we're not really experiencing inflation" bandwagon. Higher energy prices have acted like a tax on folks, slowing their discretionary spending. That's not inflationary. And globalization has kept downward pressure on wages. That's not inflationary, either.
- I went out looking at new home subdivisions around Sacramento. Those places were crowded this weekend. I think existing homes are having trouble selling, but new homes seem to be doing well.
- Work is busy here at the not-so Fun Factory. Holy smokes. It's supposed to be easy going here the unofficial last week of summer. NOPE.
- Been cycling tons the last couple weeks. Almost every night.
