Friday, January 18, 2008

Finicky Forex Friday

Well, in a while the president will be talking about some type of economic stimulus package.

The question is, will the market think this is meaningful?

So far, the market is up a bit but moving sideways. I guess we are all waiting to see if anything important is going to come out of this.

My guess is that the market will rise a bit before the details arrive, but then fall in disappointment when the president spends his time in politics and doesn't really show any type of real ability to make a difference.

He's probably just playing politics, as usual, and he's relentless in pushing his own brand of nonsense concerning how the world is supposed to work.

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