4/29/2005

Larry Kudlow, the host of the boring Echo Chamber on TV has a very good post up. But as I've said many times here, these secret "numbers under the numbers" are more than likely incorrect. As a long time trader I can tell you that the guys trading by the numbers under the numbers are out on the street within two weeks. The numbers reported by media are the numbers the dopes read, and it's the dopes that make the world go round. I believe that Kudlow misses the fact that gasoline prices represent a brand new tax on every American other than the well off. BTW; gasoline prices are $2.45 many places in LA, down from the low point of $2.61 several weeks ago.