Am I nuts feeling sorry for Bernanke while he gets grilled by the Senators? Leave it to our US Senate to make the Fed Chairman a sympathetic figure. These pompous bozos think they are asking the tough questions but they are only grandstanding. Do you notice that they always, always mention their state, as if it is a foreign country?
This animation of the US Airways landing is all over the net today. I have played it three times already. Sully is a hero but what about that air control guy? I would have been going nuts and this guy sounds like he’s taking a walk in the park. Hudson River Plane Landing (US Airways 1549 …
Back to the market. Similar to yesterday’s action we are teetering on the abyss. Should we close below S&P 700 then 687 is, maybe, support. Or not. We are getting some great action in isolated finance and tech names. And the market internals are positive. So we may actually get an up day.
GE continues to get pounded and that is troubling. Shares were under $7 earlier. The company had placed a big bet in Eastern Europe and that is killing them. It may turn out that GE rivals the bad banks for toxic assets.
