Friday, January 23, 2009

The Market On Friday

With futures down and corporate reports also down, one question arises.

Thinking pessimistically, will the market crash lower than the November 20 and 21st debacle.

Thinking optimistically, will it be one of those days where the market rallies even though futures are down.

Regardless, unemployment is rising, and the undercurrent conversation seems to revolve around the fact that no one really seems to know what to do in this crisis.

How long can America savor hope.

Reuters: Stock futures point to lower Wall Street open
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes were down 2.1-2.4 percent on Friday, pointing to a sharply lower start on Wall Street.

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