My sense is that Obama's stimulus package talk has been keeping the market slightly buoyant, either that or investors are terrified of the DOW drifting below the 8000s. There is just not much good news, no jobs means no money and no money means nobody buys anything.
Job creation is fundamental.
I'm still shaking my head on the Republican zero support showing for the stimulus bill. The Republicans have decided to kowtow to their great god on the radio. This is ridiculous, if drug induced ranting is their idea of wisdom, they will crumple further.
That 400 to 600 point drop day is coming soon, maybe not today, but soon.
Reuters: Stock futures point to lower Wall Street open
Media reports said on Tuesday that Ford Motor Co.'s finance unit plans to cut one-fifth of its workforce, or about 1,200 people, to save money.
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A friend of mine who is a very compassionate person, once said - I would be happy to dance on his grave.
Now I don't wish anyone ill health or death, but I do understand the sentiment.
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