Obama might be the only boost for the Market this week
"Stocks brace for new President amid earnings deluge"
"NEW YORK (MarketWatch) -- The inauguration of President-elect Barack Obama might be the only boost for Wall Street next week, as a deluge of what are expected to be mostly bad corporate results and fresh reports on the state of the housing market starts pouring in."
This article is dated the 16th of January and is worth the short read.
Futures Ianagurate Losses and Chrysler again
Futures are down and Chrysler gives away 35% of its company to FIAT after we give them 4 Billion dollars, not to mention U.K. and Asian Banks fell.
Link is above
Financials are killing us and will continue
Banks battered as sector matches worst day ever
By Greg Morcroft, MarketWatch
Last update: 4:21 p.m. EST Jan. 20, 2009
NEW YORK (MarketWatch)-- U.S. financial stocks plunged Tuesday, falling almost 17% to match their biggest percentage decline ever as investors panicked at the likelihood that there is no end in sight for the sector's need for capital, and no easy way to raise it.
For investors who might have thought the worst was over after the nation's big three banks aired some dirty laundry last week, Tuesday provided clear evidence that the horror show continues......
Check it out at the link above.....
Looking good right at the moment, Tripps
I sure hope that you are! Now, we are at 8228 and 1507 which is totally bitchin!
Originally Posted by trippingthespeculatingpos
If we can stay at this level and work up to where we were before yesterday, then my predictions on higher levels will kick in.
I totally hope that you are right! :)