We Interrupt this Program....

Just some quick food for thought......

-Oil below $50 a barrel means we ought to get some relief in gas prices later this year. It also makes those predictions of $90-100 a barrel that made the headlines this winner look either premature or silly. There's a lot more oil in the world at $50 bucks than there was at $20.

-For all of its ups & downs and the one day euphoria or angst, the markets are basically trading at the same levels they were a month ago.

-Strong retail sales today ought to put to rest for a time the argument that consumers are afraid to spend.
-Speaking of the consumer it just might be that one of the problems is that consumers have bought all the big ticket items that they need right now.

-Finally in regards to food, take a look at restaurants sometime and I'm not just talking about the trendiest nightspots or the flashy chains like PF Changs. Find the local watering hole in your home town. You know the places that serve good food, have a reasonable atmosphere, have been around forever all the while serving at price points that the average family can afford without breaking the bank. In short a place you might take Mom and the kinds for Sunday Brunch. These places are packed. And not just on Sunday. The sky isn't falling-at least not yet. :}

Now I'm off to Grandpa's in Glenview where I wait for the Irish Dance Gang each Thursday Night.