Today is the kind of day that if I was still on the CBOE I would have been able to memorize the entire newspaper. Id be sitting on the floor reading the paper hoping something would happen.
At least in my office I have a chair.
AIG, the manic depressive, was higher this morning and now is lower. Banks are up a bit in the early goings as is TECH, REITS are doing a whole lotta nothing.
Does anyone out there have any idea how the government is gonna have enough money to pay for everything they are trying to do - they are clearly going to have to extend jobless benefits as peoples benefits run out and they cant find jobs. If they dont you will just have an explosion in crime rates which will just put more people in prison which will cost governments money. It seems obvious that tax hikes have to be coming - how will that effect the consumer - probably not well.
They say its always darkest before the dawn - but the future looks scary to me.
I have found a new convertible that interests me so Im gonna try and start buying some - it trades rather sparingly so it will give me something to focus on today.
JB
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