Comment

Overnight Hope-a-Dope

263
jim in virginia2/02/2009 4:16:53 am PST

re: #255 3 wood

Good morning.

Looks like the market will open sharply down as the futures are down about 1.5%, and the Nikkei and Hang Seng dropped overnight as well.

This is in anticipation of further bad profit numbers, continued fears of deterioration in the banking situation, and another 500,000 jobs in January


The sense I get from folks in design and construction ( a limited sample,admittedly) is that the hope and anxiety of December is now fear. No one knows what is going to happen, folks are hunkering down to survive. If they can.