Wednesday, February 24, 2010

Zig Zag Wednesday

  • It is rough being long or short with the market being undecided. $$
  • Gut feeling is that the market isn't done going down. I thought yesterday's whoosh lower would be the start of something bad. But here we are moving back up.
  • I'd watch what Bernanke does over what he says. But today he is saying that rates will remain low.
  • The Senate passes a $15B jobs bill. At the rate the govt spends money, that $15B will create about a dozen temporary jobs that pay about $40K a year. The rest of the $15B will just disappear....

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