Search This Blog

Wednesday, January 21, 2009

The Market On Wednesday

At this point we have a total feel for Bush's managerial style in terms of banking regulations and economic oversight. He basically went on vacation and cut brush in Crawford. He took a "hands off approach." The big boys said, Georgie you just go have yourself a little fun and let us worry abut it, oh and here's a little something to tie you over...

So we are now in the worst economic crisis of our lifetimes. Its pretty harsh out there. Obama comes in now and attempts to mediate, right. He is going to somehow attempt to impose some structure over the Harvard MBA out to take every last penny for themselves environment that has cost us so dearly and will cost us dearly into the future.

So here we are. Obama is in. Soon we will be seeing what will happen. The Bush to Obama hiatus and pause is over. Obama's honeymoon will be over soon as well, when corporations pile on another half million jobs lost probably by months end.

Reuters: Stock futures mixed after selloff
Economic indicators on tap for Wednesday include the National Association of Home Builders monthly survey of builders.

No comments: