We're Still Here

It feels like the Monday after. After a huge leg down in the market. After the govenment fails to inspire us by spending over $1 Trillion. After all the bad news. We're still here.

The market is called to start off a bit higher this morning, encouraged by the idea that CITI might sell a bigger chunk of equity to the U.S. government. Can that be correct? Are we arguing that a bigger government stake in a major bank is a good thing?! Wow. As a trader, that sounds to me like the market is tired of going down and simply wants to attempt a bounce, and the news is being manufactured to match the trade.

There really isn't much positive news out there. But we are still here on a Monday morning! And sometimes that is enough. Sometimes people need a chance to remember that the financial markets do not drive life on this planet.

So let's all take this chance to relax. Life goes on. Enjoy it!