Tuesday, January 20, 2009

The markets are tumbling and no one is noticing...

Due to the inauguration coverage there are no little Dow trackers on the various major news outlets. However, I think it's important to note that the banks are failing badly today. Various financial indexes are down 10% to 15% today and have broken through the previous lows set in November.

The major indexes are back to within about 8% of the November lows. I'd expect a little lift after Obama's speech, but we're slipping back to October/November levels and no one seems to be noticing.

Cheers!

No comments: