NYSE Euronext (NYX)

[Not_Bill_Oneil]

Yep, they should get one of those...

will have to see how it plays out.

Question this morning: Where's Bernanke?

Everyone else was with Bush a little while ago, his entire economic team and advisors spread out behind him as he spoke, but, the bearded one was missing. Maybe he's back in his office on the phone this morning with his gang.

Even though he was praised and lauded by many of the clueless House Budget committee members yesterday during his visit, I still imagine he's not been sleeping well lately, nor should he be. He may or may not be aware that he has been doing a disastrous job of late, but, he's not totally unaware of the markets.

So, if we close weak today, I may consider covering most of my positions. A weak close would not bode well for the markets next week and it would be tempting to stay short into Tuesday. However, with a nervous Fed and everyone else in DC now nervous too, I think someone could then blink.

If we close weak, the three days would allow them some time to actually do something and who knows, someone might think it would actually be a good time to get an emergency meeting done and get some news out and thoroughly digested by the markets before next week.

Thanks for the note Metro, the writing helps vent some frustration. Have a great weekend.



GL.