Thursday, March 12, 2009

A GOOD HUMP DAY

Bernie why did you do it? Bernie Madoff plead guilty, bail was revoked and he was escorted to jail. That won't get all the investors their money back. US/Mexico boarder governors are asking the president to deploy troops to help with drug violence. Lets help protect our boarders. N. Korea is about to launch a satellite into orbit. Do we believe that's what they are doing? Over seas markets were mixed today. At home we had three good days in a row. GM said it didn't need its federal loan for March. Pfizer rose 10% when they released news that their drug Sutent was successful in trials to slow cancer. Bank of America up again. That's 83% for the week. Apple closed over 96. They consumer spending report was the big motive for the markets I think. With the exception of the auto market being down, gasoline, clothing, electricity and health and personal were all up. That's two months in a row of up spending. Once people are ready to start spending that is when the market will really move not a trillion dollar stimulus package.Gold was up at 924. Oil was up at 47.03. I think we are looking at a week that will finish up barring some unforeseen disaster.

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