Least Ugly Contest

With half of the world starving and much of the developed world in recession or depression, I suppose America, structurally flawed though it may be, might be justified in its resurgent confidence.

In recent weeks, the dollar, the stock market and housing prices have all reached their highest levels in six years.

But before you become too confident, recall one of the primary lessons of arbitrage....buy low, sell high. In other words, after every boom, there is a bust.

So, take your profits while you can, and run for the hills!