Monday, January 26, 2009

Monday Thoughts

Initially I wasn't sure whether I was annoyed that I slept later than usual or happy that I got 8 full hours. I settled on the later.

Despite the Pfizer/Wyeth deal being confirmed at a nice premium, the futures aren't doing much yet.

Biden, Pelosi and others were running around "Meet the Press" and a the Sunday news circuit yesterday warning that these are serious financial times indeed. Indeed. The relative recent silence on new economic policy, even though it has only been a week in Obama's Presidency, has more folks convinced that commodities are going higher. My hunch is that the opposite is going to happen.

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