A Slow Aug.

Aug. 2010 has to be one of the slowest months that I ever recall in terms of business activity. Many people seem to be taking extended vacations of two weeks or longer. The feeling is that the economy is going nowhere so it is best to take time off.

Even stock trade volume is well below average.

When folks return to their jobs during Sept. there might be a mass realization that few if any economic issues have shown improvement and the prospects for the remainder of 2010 look poor.

No one is talking about 2011. There is fear to think that far ahead.