Quick Observations

  • I read the Lehman Brothers Press Release and it seems to me not much is new. That they made such a big stink over this shows that they are desperate. Here is the release
  • A higher open is actually bad for the Bulls. It allows the Bears to get good prices on their shorts. A lower open that flushes out the weak holders and gets the short sellers in at lower prices would bode better for a higher close.
  • While I have no skin in the game yet I believe that oil will reverse higher by tomorrow.
  • Even if the Treasury Plan lowers rates it will not speed up the economy as we have overbuilt. From the Wall Street Journal : Mall Glut To Clog Market For Years. How will lower rates get rid of excess inventory?

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