Indexes continued lower into Friday as the hand wringing is reaching full force. Disappointment that the stimulus package has restrictions on executive bonuses for those institutions taking governmental tax proceeds is adding to the whining. Republicans endorse the concept that compensation restrictions may cause a 'brain drain' or a 'loss of talent' on Wall Street. Well considering those are very two things the Republicans have suffered from for decades it is no surprise they are empathetic with Wall Street and its own inability to show it ever had talent.
Look for more sorry ass action as the indexes look to pound in a futile fashion the bottom of the downtrend begun in October of 2007.
