Stocks Start Up!
The Dow and other markets will start high today, but will it last. Only time will tell if today on Wall Street will end up. The reason for the big start is because there is a plan for central banks to inject markets with $180 billion. This is been done to stop a crash and get investors back into the mood. The Fed added another $55 billion in loans overnight to help the financial markets. I will say those safe assets such as gold and Treasury bills are doing very well. These safe assets always do well when the markets are down. Gold is gold, and that is one of the safest bets around. There isn’t a country that gold doesn’t trade badly in, everyone understands gold. Anyway, I sure hope that this money going into the financial system sparks things. We really need a few great days to get back on track. This country can’t afford another big sell off day.