The Stock Market continues to be volatile, as long as the market remains above DOW 7,552 on a closing basis, I believe the market will continue to go up through January.
See chart on right for current support/resistance lines. Notice on Monday the market stopped it's downward decent by the previous resistance line of 8,135. This is a very bullish signal. DOW 9650 is possible, and I'm banking on DOW 10K.
Public Schools ask for bailout money - My Spin - I blogged a while ago after the US dumps its cash at the financial industry, the US will find itself strapped for cash for basic services in the future.
RIMM issues Q3 warning - My Spin - I held this stock sooo long as a short, and of course, got out just before it cracked from 95 down to 40....headed for 9
Article on Fed cutting rates risks Japanese style recession - My Spin - Japan's recession lasted 10 years due to fiscal cover-up, like the US is doing now.
Bed Bath & Beyond warns - No spin, expected by everyone but accountants at BBB
Goldman Sachs may post 2 Billion dollar loss - My Spin - No Problem! Paulson will give 5 billion to cover the loss plus a little extra for his buds.
Chrysler sales off 47%
Layoff Conga Line
US Steel to "affect" 3500 workers by idling plant
I found this video HYSTERICAL, reminds me of my rants over the last 3 months....