19 July 2011

19 JUL 2011, Tuesday (AM)

  • President Bush got this spending behemoth rolling.  Current Administration wants to top him!
  • Market has been very, very whippy and gappy past week or so.  (This morning looks to gap up again.)  All the news out of DC and Europe is making this an extremely uncertain environment which is demonstrated in the price action.  
  • Tough to have any conviction.  Only for the bold and very quick.
  • Below, Federal spending by the numbers...

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