Meanwhile, the TeeWee talking heads are cooing at the Dow passing 13,000 again. Investors, they say, are excited about yet another Greek bailout. Let me get this straight: Germany has taken out another cash advance on its maxed-out credit card and given it to its deadbeat cousin, Greece, who swears that this time they'll use the money to get a haircut and a job, instead of wasting it on hookers and blow again, and investors take this as a good sign?
Every time I hear the words "Leading economic indicators are..." come out of a newscaster's mouth these days, I expect them to be followed by "...from the planet Mars."
As a financial planner, I have to say I agree with Tam. Despite the mainstream media playing up the spurious numbers coming out of the Obama Administration, I don't see glad tidings on the horizon either.