Billy Ford

Wall Street Breakfast: Must-Know News

Honestly, unless you are Goldman propping up the market, how can anyone feel confident in buying anything right now?? I truly dont see why the market is even contemplating moving higher. I am getting sick of the media just ignoring the glaring data that is showing we have a LONG ways to go before any recovery can take place. There isnt 1 thing that I can hang my hat on as positive. Retail- stinks and will only get worse. Housing- Horrible, and a 3% increase in starts wont come close to proving to me that things are turning around. Jobs-Come on, we get excited because we are now down to 500K...As unemployment heads even higher, you have to realize that on a percentage basis, in my mind 500K is equivalent to 650K or higher 6 months ago when you factor in the fact that the number of jobs kept creeps lower.