The Markets

  • Goldman news continues to proliferate.  One blogger wondered why, if GS didn’t want the TARP money why is it borrowing (through the stock offering) to pay it back.
  • Bernanke painting the tape with relatively good news.  Pointing futures greener. Speech by Chairman Bernanke on four questions about the financial crisis
  • Obama speaks today about economy and may not be as positive as yesterday.  Today he will say job growth may not resume soon.
  • Oil prices down and it looks as if they may stay down this time.  Russia and Brazil giving OPEC fits. OPEC Frustrated by Russia, Brazil Boosting U.S. Crude, Threatening $50 Oil
  • Copper stocks still strong.
  • AIG up big in pre-market.  Financials seem to be the hot spot, again, today.  Perhaps UYG is a trade this morning.  A terrible idea as finanicals head south, big time.
  • Watch DNDN…seems as if they have a cure for advanced prostate cancer.
  • Retail sales numbers killing futures.

Make it a great Tuesday!