Ouch

So much for the market rally.

Holiday sales were up, but only with discounts that resulted in a cash loss on every item sold. And so far, the numbers say the usual loss-leader effect was not there. People came in, bought what was 50% or 60% off and left. Given that a record percentage said that they were done Christmas shopping, don't expect even this vaguely good news to hold up.

The automakers are due back to beg Congress for money again. Maybe this time they'll car pool. Idiots.

At least gas prices will stay low. OPEC is leaving production at current levels, driving oil back below $50. I just hope people are smart and keep doing what they've been doing. We may be at a turning point where people are tired of being jerked around by inbred Saudi princes, and dumb-ass auto companies, and the profit-before-all-else oil companies, and are just refusing to play anymore.

Uncle Henry talks to Congress. Whenever I see one of these ass-clowns talking, I respond to every single statement with "Why?" "How?" "Says who?" Probably one reason Debbie doesn't stay in the room. Domestic tranquility aside, I think I have a valid point. When Uncle Henry says more people should own their own home: "Why?" All the data shows that a lot of people own homes that shouldn't. The only way to make it possible for more people to be able to own a home is for homes to be cheaper. But then Uncle Henry says that we must stop the slide in home values: "Why?" It's pretty clear that a lot of people can't afford a home at current pricing levels. So which is it Uncle Henry? Higher prices or more homeowners? Don't tell me that the head of the US Treasury never took Econ 101.

Anyway, give it try. At a minimum, you'll annoy the crap out of your spouse.