Tuesday, September 23, 2008

Confidence Game

Moderate down volume yesterday for the SP500 and NQ100, while the DJIA put in a pathetic
low volume break. Everyone waiting to see if once the bailout bill is passed, whether or not the market will hold. Bernanke and Paulson pleading for quick passage but they seem not sure of the immediate outcome. A dismal close into new lows this week would definitely cast a dark shadow over this fall's trading. But more than enough has been done to help the financial industry, now the rest is a confidence game.