2 thoughts
- I try not to post so frequently since my last opinion I was going to post last week would look foolish now. I was going to post that 945 S&P, one of your Maginot lines, was successfully defended and we were going to stay above 1000.
It is obiously going to get broached tomorrow and we will revisit the ancient lows of 3 weeks ago which gets to my second thought.
- Joe Biden said that Obama was going to get tested early in his term as president. Well Bushie/Paulson are lame ducks so any new economic policy is going to come from President elect Obama, Rob Enanual if he takes chief of staff and one of 2 GS ex CEO's Rubin or Corzine as potential Treasury Secs.
I think negative stock market valuation pressure is coming on quickly in next week or two to force new president to announce next round of stimulus package, money printing, for the banks and any associated entities that lend or borrow money.
Surely McCain wasn't hinting at economic crisis but military crisis to occur.
