Market Commentary as of June 6th, 2008

This week the Markets
tried to rally several times.  Unfortunately for the Bulls, none of
these attempts worked.  And Friday's move down was the worst for the
market in a year-and-a-half.

So the headlines are "another week
of a weak dollar, rising oil prices and falling markets."  One of the
key take-aways, from my perspective, is that the Markets are not
responding as resiliently to bad economic data as they had a few weeks

You don't have to look much farther than this chart from
080606 Red Heat Map from FinViz

Also, something I'm hearing more of are questions about whether you can trust the government's economic numbers?  Some people are
saying that key measures have been distorted lately.

Some things that caught my eye this week:

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