Too much of a good thing is wonderful”-Mae West

Finally, the market went down. Incredible as it seems, even I began to think the markets only went UP Fourteen consecutive pluses for the S&P. Whoda thunk it! Greece? No problem (exccept if you’re German.) Dubai? where is that? Spain,Italy, England? Don’t be a worrywart?And certainly, as long as yours truly remains in a disaster mode, you just KNOW the markets will pretend their is no such thing as bad news and work its way higher. (more…)

And what do I sound like a broken record about? Well, it’s my old mantra, “we have learned NOTHING from the past 18 months. But first, a word about the Greeks.  (more…)

NEW YORK (Reuters) – United Parcel Service Inc raised its fourth-quarter profit forecast on Friday and said it would cut 1,800 management and administrative jobs. Its shares rose 5.7 percent.