Oil Slick Approaching Destin

Saturday morning we headed out of Destin Pass in search of snapper, grouper, and amberjack.  The conditions could not have been more perfect. Calm seas, a gentle breeze, and about 70 degrees.  It doesn't get much better than that.  Our first stop was a wreck approximately 7 miles south of Destin.  On our way there we came across what the media has long forgotten, oil.  We were about 5.5 miles offshore and the slick measured approximately 100 yards wide and extended as far as we could see to the west.  It was the same nasty brownish colored toxic mix that filled the news all summer long in 2010.  I have contacted several government and environmental groups to try and find out more about our findings.  Pictures and exact locations will be posted soon.  Please check back for updates.

When will this Bull get tired?

All of the major US stock indices are up at least 5% in 2011, but the most common theory on Wall Street is that a mid-major pull back will take place soon.  The market would be the first to disagree.  Fans of the pull-back always get excited following a bullish day because they are expecting the sell of to start the next day.  So far they have been wrong every time.

This market continues to prove to be incredibly resilient.  The market was none to concerned with the crisis in Egypt, except how to profit off of it, and it has not been to interested in the bad economic numbers.  The markets blatant disregard for bad news will more that likely lead to at least a small pull back at some point in the near future.