"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

Today I took a side trip down Worth Avenue in Palm Beach, Florida. Regardless of how well off you think you are, a stroll down Worth Avenue will definitely humble you. If you want to see where "billionaires and multi-millionaires" go to hangout, take a trip to Palm Beach.

Here in Normalsville, the DJIA fell 109 points after the February durable goods orders recorded a dropped of 1.7%. Demand for machinery fell to an all-time low. Adding fuel to the fire, February new home sales fell to its lowest annual rate in thirteen years.

The dollar was sharply lower again today while oil closed at $106.15, up +4.93 for the May contract. The excuse for higher oil prices today was an Energy Department report that said stockpiles reserves came in less than expected.

Like I have said many times before, there is always an excuse for why you continue to get raped at the pumps.

According to MasterCard Advisors, US gasoline consumption in the week ending March 21 slipped 0.3% from the year-ago period, making it the sixth straight four-week decline.

Many of the guru's on TV are beginning to tell us that "the market is finding a bottom", or "the worst is behind us". I'm not so sure about that. These comments sound a lot like the "goldilocks economy" comments we heard in 2006-2007.

I think the best approach for us is to stick to a close discipline of letting the markets come to us. Given all of the economic headwinds facing consumers, I believe the odds of the DJIA breaking below 11,000 are better than 50%.