The Market On Friday

On Thursday, the DOW was headed for another day of losses when all of a sudden someone up high put on the brakes and did an about face. Its very strange and makes one wonder how controlled markets may very well be.

Futures are up, and this is now a meaningless indicator for the direction of the day. Lately the inverse has occurred. When futures are up, the market closes lower etc.

MSM articles are proving to be very thin on information of value regarding the markets. One day its - the stimulus is too little too late and investors are selling. The next day its - futures are up on hopes that the government will improve credit markets and investors are buying up cheap securities. Its like the writers see the direction of futures and then find investor x who will explain why. Its starting to creep me out.

It is tumultuous times, but the big guys still say that it will turn around and that well chosen bargain priced securities will pay off handsomely in a few years.

Reuters: Index futures point to higher Wall St open

The stimulus package is split 36 percent for tax cuts and 64 percent in spending and other provisions, just below the 40/60 split Obama called for in his effort to begin pulling the economy out of the recession that started in December 2007.