Monday, October 13, 2008

Bailouts R Good

Hmmm. You don't see this very often.

"My screen is completely green, and I love that," said John Lynch, chief market analyst for Evergreen Investments in Charlotte, N.C. "But I'm not doing any backflips yet. We still have many challenges up ahead."

Exactly. In the meantime, I'm just waiting on the profit-taking sell-off which should happen before the end of the week. Once the euphoria subsides.

Not all the news was good today. Another 1,340 GM workers will be shown the door.

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