Smells like "recovery"..............from Rico

Bobby Duvall speaks the classic line in the movie "Apocalypse Now" which goes something like..."I love the smell of napalm in the morning. It smells like...victory."

Younger folks may remember the Curt Kobain song "It Smells Like Teen Spirit."

No matter. Today's charts say only one thing to me. "It smells like "recovery." [Yeah. Right. Sure. Are 'ye daft lad?]
- Everything is tanking EXCEPT government spending.

Hmmmmmm. How does that go again?
- The good news is: it's not 1929.
- The bad news is: it's not 1945.