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Posted by: TimALoftis 11 months, 3 weeks ago

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TimALoftis11 months, 3 weeks ago

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As we head toward Thanksgiving its been another tough week on the news front. Highest jobless claims in 16 years, the big three in such distress, peoples 401K's balances down nearly 50% from just a year ago...I think its weighing on all of us.

James, great post as usual.

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  JamesMarcus11 months, 3 weeks ago
  
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  I agree, it's been one hairy week, especially on the fiscal front. But the markets started climbing this afternoon after Obama announced his pick for Treasury, and maybe the steep slide will be arrested for a little while and we can catch our breath. Or not. In either case, have a good weekend, and I'm glad you liked the post.
  
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      TimALoftis11 months, 3 weeks ago
      
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      the markets certainly responded well to it.
      
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      JamesMarcus11 months, 3 weeks ago
      
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      And why is that? Do you think Geithner is a smart guy? I was actually pleased to see a newer, younger face, rather than having Larry Summers trotted back onto the stage. An experienced staff is essential for Obama, but you don't want a total return of the Clintonian old guard.
      
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  ETproductions11 months, 3 weeks ago
  
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  To pick up on TimALoftus' thought and BronxBomber's, we can all be thankful that gas prices are back below $2 a gallon, unless we own a gas station. :-)
  
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