December 8, 2008

Today's Market

See what I wrote last week. The pre-market is showing opening levels above 900 for the S&P and above 9000 for the Dow. If we close today above these levels then the Nov. and Oct. levels will be challenges (~1000 and ~9700). Two things look likely now, Obama spoke this past weekend about a major public spending program on infrastructure and it looks more likely that the automakers will get enough of a bailout to allow the Obama administration to make their decisions.

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