Quote from Hello:
We are at the start of another down leg, everyone knows it, you may not be seeing it as much in canada as their economy recovered quickly and certain areas like saskatchewan didnt even see the recession, but the sandp will be sub 1000 6 months from now.
I don't operate only in Canada. (That's part of the reason I did not respond to your other reply, as I just got back from Wyoming--Canada IS leftwing, despite Alberta, and Gabfly is not out of normal there). Anyway, sales are strong there, and in Texas too. The world is rebounding, and buying stuff. Thank goodness for the stimulus spending.
Now, I'll admit that the American consumer has a tough "row to hoe" ahead. They are comparatively tired of, or unable to participate in, consumption, and overall the country has not enough to bring to market. I hope Obama's export initiative, possibly already useless since he's appointed CEOs to head it, will improve that latter condition.