5% Growth

The euro is dead and America is alive.

Such a fool I’ve been, fearing the euro. Clearly we don’t care. Let the Greek isles sink to the bottom of the Ocean, I guess. It’s astounding, really. German 2 year bunds are yielding negative 10 points. Greek debt has flared up, but everyone else is paying record low amounts to borrow. Even Italy and Spain are joining the 2% club.

Do you get how crazy this all is?

And now the US has grown at a 5% annual rate. Cheap gasoline is doing wonders on our economy. Nobody cares about the euro.

If this is the way things really are, oil is not staying below $60 for long. Saudi’s be damned, oil inventories are down 3 million barrels since that same fateful week in late November that it all unraveled.

As for me, I can’t stay on the sidelines for long. It’s time to edge into some good solid consumer stocks, and maybe back into some of my old stocks positioning for a rebound.

5%