Bridge for Sale!

I have been holding off posting as the markets seem to be in disbelief and I have become convinced they could stay there for a better part of the year. I still believe this could happen as the government is coming out with yet another stimulus package. Yet, I do believe the end is in the cards in the not too distant future, and for this I offer the following observations:

• comsumer debt has begun to climb again, which means more consumer spending but a worsening of fundamentals;
• the government is doing more stimulus spending so they are not yet buying their own story;
• housing and comercial real estate are still in the dumps;
• China and Japan are not buying Treasuries any more and the Fed has ended its program to do same, so who the heck is going to buy them now;
• individual investors pulled out billions from mutual funds last month;
• Germany is making noises about countries who are not keeping their house in order leaving the EU; and
• Greece, lest you have not noticed, is in really, really big trouble. Unless you think otherwise, please read the following very informative link, which leads me to the conclusion that Greece is in the dumpers . . .

http://suddendebt.blogspot.com/2010/03/greek-experiment.html

I really do not see things getting any better soon and it is only a matter of time before reality hits the fan.

Disclosures: None.