Friday, June 27, 2008

"Retreating into our Shell"

Talk about taking it in the neck: Stocks falling, oil at a new record, and Barclays declaring they are in "tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."

I guess we shouldn't have gotten excited about gas going down four cents....

The bakery has been incredibly slow the last two days. I keep saying it's like everyone is holding their breath, waiting for this to blow over, only it doesn't. There is a lot of rot that has built up thanks to all those Harvard MBA's preaching their "new economy" and the end of history crap.

[Update: Monday doesn't look much better for stocks or oil. Like the shrunken head on the wizard's Knight Bus says: "it's gonna be a bumpy ride!"]

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