Yesterday, I posted that consumer savings was reported to be at its lowest on over 75 years. I think that is awful. The final headline of yesterday’s financial news on the wire was Consumer Spending Spurs Dow to Record Highs. I find this to be an oxymoron.

Yesterday: Unemployment claims were down, unseasonably warm weather create consumer confidence and makes them go out and spend! This in turns advances investor confidence and make Wall Street move to higher levels. So, get a job, throw on a light coat in the middle of winter and go spend more than your pay check. This makes Wall Street rich. Makes sense….
Today: Fewer jobs added; jobless rate climbs….Dow closes down after job data….Markets mixed….. Make up your mind!!

I paid $1.97/gallon in New Jersey yesterday.