Steve's Place

[starboy]

Threw the URE chart up on the chart board. Seems a little early for this one indeed, as commercial failures still seem ahead of us for 2009, imho.

Even Goldman Sachs showing first loss in many decades. This limbo period before Obama and team enter in late January has its perils.

I read that there are financial concerns re: credit default swaps that are intertwined with the auto industry potential failure if no assistance is given them. Seems to be an underlying negative not many are picking up on, as in yet another possible blow to the financial system.