[raygun]

There was a snow storm on Wall Street today. John Snow's appointment didn't seem to help the market today, but neither did anything else. It was a weak day with a touch of virulence. There is no doubt the market is being forced to cope with a lot of uncertainty.

The mitigating factor is that the market has become very oversold, which should lead to a bounce. At least, near term shorts would be risky, where there is virtually no room for the rubber band to stretch further. Declining groups overpowered positive groups by over a 10 to 1 ratio. There were only three advances in the Nasdaq 100, four in the Dow. Out of a private list of 31 tech stocks exactly one advanced today.

[steveegg]

Intersting. I wouldn't quite say that the market is very oversold yet, but the massive downturn is a perversely-positive sign.

[STONEWALLS]

" John Snow's appointment didn't seem to help the market today, but neither did anything else."

.....anybody want to take bets on how long it will take for the New York Times to demand Snow resign his membership at the Augusta National?.....

....sign of the times......a TV commercial yesterday from a local car dealer that flashed the following on the screen

Weak Credit?...No Problem!!

Bad Credit?....No Problem!!

No Embarassing Questions!!

....I liked the 'no embarassing questions' part....wouldn't want to hurt that sub prime buyer's self-esteem don'tcha know ;-)

Birthday wishes to Rohry and good luck to all us ants!

Stonewalls