Open Thread


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  1. “Oh, Biff, apropos of nothing, did we ever pick a time to go to Excelsior?”

    I’m totally down with that, just say when
    (No Homo)

    I love gay bars…it’s the only bars I can go to where there is any chance I might get some attention. Gay men must have thicker beer goggles than straight women.

  2. Market wasn’t up 200 today, that was yesterday. Huge sell imbalance at open.

    Yesterday GDP better than expected.
    Today consumer confidence worse than expected.

    The market is being whipsawed by statistics. Good stats show recovery underway, bad stats = BHO. They are not in as agreement as they were a few months ago.

    There’s worry that after the stimulus is spent, cash for clunkers is done, interest rates start to rise, homeowner tax credit ends, we’ll slip right back into recession or worse.

    Homeowner tax credit should be extended indefinitely and phased out gradually, imo.

  3. Threat of CIT bankruptcy is big. But we’ve been seeing that the economic numbers haven’t been beating expectations lately and have thought the market would roll over.

    1,000 support on the SPX.

    If there were to be some really good news though these markets would go up strongly since they are resting now on the 50 day moving average. But it does look like they wil break.

  4. “was that supposed to be a compliment or insult?”

    Neither, I didn’t write it correctly. The amount of umbrella liability insurance you require is determined by the financial assets you own. And only you know what assets you need to cover. I don’t.

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