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Thursday, June 18, 2009

The Market On Thursday

The week is flying by, its already Thursday and it seems like it could be Monday. Sometimes the week flies by so fast its like trying to jump onto a moving train. Maybe I need shoes with more traction.

Wall Street investors will be parsing weekly data on layoffs along with carefully listening to Geithner tell a Congressional panel what Obama has in mind for finance regulation.

If they like what they hear, or if they can stomach it enough, then they will vote on the measures. The vote in this case, is how well your portfolio will perform for today.

Now that's democracy.

Reuters: Stock futures flat before data, Geithner testimony
...testimony of Treasury Secretary Timothy Geithner before two Congressional panels on the Obama administration's proposed financial regulatory reform.

Geithner's testimony before the Senate Banking Committee is due to start at 9:30 a.m.

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