Like Armonk, and Wall Street, too. All three statements were pure hogwash. It's the Wall Street's version of high-octane gasoline. The preceding numbers merely reflect a rise in the number of Main Street gamblers who are willing to risk their family's financial security in the hopes of making a quick buck. Such people provide the second important ingredient which fuels the Wall Street Hoover - greed.
Total inventories are at an all-time high.
Which suggests that Main Streeters will have less cash available for future gambling. Bad news for Wall Street. No wonder the Wall Street Hoover is working overtime before the bubble bursts. Maybe when Japan starts selling some of its U.S. securities. This could make the notorious U.S. savings and loan crisis a child's play by comparison.