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Jimmy, I don't know you from Adam, except what I read here. And while I try to respect another's opinions, I have to wonder if you just shoot from the hip on all things in your life...
Yesterday's performance in the Dow Jones Industrials Average was not a gauge of what the incoming administration means. It was a direct result of a major Boston bank, State Street, revealing that they had not marked to market many of their portfolios, and would be reducing net assets by billions.... (criminal in my eyes, but who cares what I think) This revelation by what was previously seen as a safe bank, sent new shock waves through the bailout ridden banking industry. State Street got cut in half. Other banks were sold off. That was the simple big story of the investment day. The markets don't care where they end up in the history of inauguration days, nor do they take time off for the pomp and celebration. To say that yesterday's market performance had anything to do with the change in Washington, or the message Obama is sending, is truly an uneducated, ill-informed statement.
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