The SIPA

I’m a clueless small business owner who can only judge things from my eyes and ears on the street. Instead of quoting Greenspan and Bernanke , I’d rather quote Bluto from Animal House after they accidentally killed the horse in the Dean’s Office…I believe the words of shock Bluto uttered over an over again were: “ H-O-L-Y S-H-I-#!..H-O-L-Y S-H-I-#"!!

With each passing day we read and hear about the vital signs of the economy like it was a patient at a hospital on life support. Every little sign of improvement seems to be accompanied by pundit’s proclamations that the worst is behind us. Even bearish commentators like me have admitted to seeing signs of life that the economy is improving and that capital formation appears to be gaining some legs. Are we to believe that this 2000 point rally in the market as well as surging oil prices is a sign the recession is over? Well, take a deep breath and brace yourself for what I’m about to say: