There appears to be an unsettling atmosphere of optimism in the Securities Markets. Who believes them?
They say (?) real estate has bottomed - By looking at the advertising here in the Phoenix area - you would think Real Estate is a great investment - the advertising prices look like they never fell - too much deception. In commercial real estate, lots of dead bodies - LOTS! - It will be interesting how many commercial business stayed alive thru the holidays - but the future, without stimulus, looks very cloudy - The Automobile Industry seems to have run into another drought. Good time to buy a new car - if you care. I came out today to gather some acorns and I'm ready to come out on sunny days - and stay near my "hollow." My mind is already wandering toward spring and my plans for Mountain Rivers and Streams - cool summer weather at altitude - keeping my tan and working up my exercise and down my appetite. Happy New Year - I know mine will be!
There is always the challenge of being an older person. We, as a group, are not even considered - on the other hand - we generally, most of us, will not be suffering - what is at hand for those who are counted.
El Viejo
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