Thereisnospoon has started posting at Digby's place, and is doing some good stuff.
Wall Street types can't live with American consumers, but can't live without us either. So they get fat at our expense, abuse us, and then wake up one day and suddenly realize we're not quite as hot as we used to be. But we do still pay half the rent, so they can't quite leave us yet, either. So we get schizophrenic jumps and declines in the market, as Wall St. variously ignores and then over-focuses on the American consumer. These people aren't really any smarter than your average beer guzzling philanderer.
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