Tuesday, October 23, 2007

Good news IS a bad news

Just a quick note to myself - consumer is really taking it. Why? Wall St. cheering about American express earnings been up 11% - for me it says: the going has gotten tough and cash is scarce, therefore people have to put more and more on credit cards - another step on the way to "blowout top" for the market - short sellers of all world rejoice.