There's something very odd going on in the economy. Two months ago a Wall Street type leaned over his cocktail very earnestly and said, "Do you know the average salary in America is around $30,000?"
Uh yeah...
But I've been mulling this for awhile. Not the salary stat, but his surprise.
My brother in law said much the same thing.
The Big Money players are a lot like cattle. Once they get spooked, it is hard to define what did it to them.
I have also been hearing that the retail sales over Christmas were very bad. Many were hoping for a surge in sales during the next week. Not a good sign.