Tuesday, March 03, 2009

Oh No, Not Again

After hitting an intraday low at about noon, the market attempted to rebound. At 12:30 however, Treasury Secretary Geithner began his testimony in front of the House Ways and Means Committee, stopping the rally in its tracks.

S&P Intraday 030309

We all remember how the market reacted to the last speech by the Treasury Secretary. Let's hope that today isn't a replay of that.

Intraday 021009
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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.