The Green Shoots Turn Yellow

This blog post originally appeared on RealMoney Silver on June 17 at 6:50 a.m. EDT.

I have consistently warned about the risks of as well as the emergence of a number of unprecedented and nontraditional, like the cost and burden of tighter regulation that threaten corporate profit growth over the next several years.

The emboldened animal spirits that have contributed to the remarkable rally off the March lows have turned sheepish over the last week in the face of economic reality and stretched valuations.

As I have observed recently -- and as Best Buy (BBY Quote) demonstrated in its earnings report yesterday -- the all important retail sector, for example, had a collective disappointment in May that featured progressive weakness during the month that has apparently continued into June. ...