Thursday, February 26, 2009

The Market On Thursday

There will be a wave of new economic indicators and data coming out today along with Obama's first budget proposal - this is for 2010.

There isn't much in this information that speaks of improvement. The economy is shrinking and the worst aspect of this entire mess, unemployment, is not slowing.

In spite of all this, I personally think Obama is doing a good job of instilling a positive tone. I think the message to hang in there and stay tuned, alert, and positive is mixing with the texture of the country.

Reuters: Stock index futures point to higher Wall Street open
Weekly jobless data.... is expected to stay flat at 625,000 new claims.

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