Wednesday, January 21, 2009


As I write this, the DJIA threatens to break 8,000 on the downside.
Gold Prices are trading at $852. Interestingly, both the USD and Gold are up today, as the GBP continues to get pounded!!
While it may not be fair to read too much into a single trading session, we are faced with turmoil in the financial sector and a total Crisis of Confidence.

Obama's speech was both uplifting and hopeful for a better tomorrow.
He is going to have to take some tough calls soon, as losses at the banks and a spiking unemployment rate may threaten his stimulus plans that may work only over the longer term.

While I wish him well as he starts firefighting, he has his work cut out for him.

No comments: