Tuesday, February 24, 2009

Markets pull back from the Edge today

We stared into the abyss and pulled back from the most certain painful decline that we almost had today. We are not out of the woods yet but if we can string another day or two together we may be on our way to a Bear Market rally. Much anticipation as to what Treasury Secretary Tim Geithner's plan is for the Banks so that shoe is still yet to drop. But President Obama was confident and bold tonight in what he wants to be measured on regarding the success of his plans to restore the economy. You can't say he is shy about taking on responsibility. He has set a new standard just on that metric compared to all previous Presidents.

Futures are down a little this evening but it is too early to tell what will happen tomorrow. On a positive note, Ford Motor, symbol F, went up today to $2.20/share and is now profitable based upon my earlier purchase and strong belief in the stock back on January 24th with an average price of $1.90/share. My Apple stock is also back into profitability as well, from my purchase back on January 7th for $86.50/share and again on January 14th for $78.00/share. Still own all my shares of TNA and SSO.

Labels: , , , , , ,

0 Comments:

Post a Comment

<< Home

Technorati Profile