Friday, February 6, 2009

What's Going on Today?

Futures are flattish as the market awaits Joe Kernen's smiling face or something else. Probably something else.

It has felt like Friday for the last three days so I really have reason to celebrate. Plus, my oldest turns 11 tomorrow.

According the the WSJ, the next round of bank assistance will include capital injections with more restrictions. This phase will reportedly also include homeowners assistance, which is stupid. If this economy is to get healthy and self-sustaining, we need home prices to find a level naturally where people can afford them, and the people who bought houses that they couldn't afford to get unwound.

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