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Monday, March 23, 2009

The Market On Monday

Markets in Hong Kong and Japan gained overnight on Geithner bank plan hopes.

American futures are up across the board.

The announcement is set to come at 8:45 am just before Wall Street officially opens at 9 am. Clearly they are "banking" on the plan to positively affect the market's direction.

This is a big deal. We will either be wading in muck for the next year with the DOW sinking a few thousand more points or we will be leveling off as investors look to get back into equities, keeping in mind that the vast territory between these two extremes is also open.

All we can do is hang on for the ride. Electing Obama was our input into this process.

Reuters: U.S. stock futures signal rally on debt plan hopes

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