esrosedotblog

RECOVERY!!!

So there was a bounce up on the Dow and S&P today. Not surprising. We had an excess of angst yesterday and there has to be at least a smidgeon of optimism on that grizzly bear trading floor.

Not that there was any good news. Consumer confidence, including mine, is very low. A bigger drop than expected. Housing starts tanked even more. Bernanke testified. That is usually a cause for a drop. He even said that this would go on into 2010. Jeez, can we be done with the first decade in this century already?

So, the markets rose in the face of bad news. I am not convinced the rise is going to be a keeper as the week goes on.

But Obama will speak tonight. People want more clarity. Maybe. Probably. That could be good for tomorrow. But it is a day at a time for us.

I love these trader pix.

Labels: economy, retirement