Saturday, January 31, 2009

One Down, Eleven to Go


After a marvelous head fake rally start to the year, the S&P 500 ended the month down 8.5%. Yesterday's headline GDP number was not as bad as feared or consensus but there was a shocking inventory build which bodes ill for pricing in the months to come.


This feels very much like a year that should be over asap but won't be.


Go Steelers.

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