Saturday, March 7, 2009


I am on the road in Knoxville Tennessee traveling. Won't be back on the blog until Tuesday, maybe Wednesday.

Today Goldman Sachs got killed on rumors of exposure in Eastern Europe. Supposedly it is not true (at least that is what they are saying). At the end of day the market rallied. Some short covering and it seems like there may have been a coordinated effort among some traders to push the market higher. This was done by circulating old news and making it important news. A bank was bailed out overnight in Spain. Started getting talked about in the last 15 minutes. Then England announced an agreement with Lloyds which I don't really consider news either.

Anyway, pretty weak day after such a horrid week.

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