Monday Morning Market Action
Financials and international stocks are heading down this snowy (in the east) morning following AIG's second bailout. Warren Buffett's making gloomy predictions for the markets, saying "the economy will be in a shambles for this year and maybe longer". It can't be a surprise that the Dow is below the 7,000 point last seen in 1997.
The manufacturing number of "US factory activity contracted again in February, but at a less severe rate, while construction spending dropped in January to its lowest level in more than four years" according to Marketwatch.
The fact that my purse was snatched midday yesterday at my suburban grocery store's parking lot near Princeton, New Jersey ("a safe area") is keeping me busy "staying on an even keel" -- a metaphor for market trading now.
The manufacturing number of "US factory activity contracted again in February, but at a less severe rate, while construction spending dropped in January to its lowest level in more than four years" according to Marketwatch.
The fact that my purse was snatched midday yesterday at my suburban grocery store's parking lot near Princeton, New Jersey ("a safe area") is keeping me busy "staying on an even keel" -- a metaphor for market trading now.