Bush's Bottom?

George W. Bush just finished giving his final Q&A to Washington's finest revisionist historians. It was as colorful an interchange as we have seen in quite some time.

While it's hard to find a case whereby Bush's approval rating as President of the United States drops further (there's only 1 week left!), I never say never...

While watching the man's confidence in the manic media's myopia drop at the same expedited pace that crude oil is today, I can't help but wonder what a Bush bottom will look like, in hindsight, weeks and months from this day...

Some bottoms start with the end, after all...

I am long SPY, looking forward to the Thursday/Friday US PPI and CPI deflation reports.
KM

Keith R. McCullough
CEO & Chief Investment Officer