A diary of the thought process behind my investment decisions
The Obama Speech
By the end of the day everybody will be focusing on Obama's speech tonight. It is hard to believe that there will any positive expectations of the speech. The only room for disappointment is in industrials, which have done well because of the proposed infrastructure projects. The market might be a little hesitant today ahead of the speech, but it will be hard for Obama to disappoint the market as nobody expects anything good from him.