Top Line: We predict a quick Update this evening. The stock market is now trying to figure out if it wants to drop into the 12,500 area or move up a bit first. The day's action indicates that a small rally may ensue. We are expecting to see a bit an up move early on Tuesday. The ramp job we saw late in the day on Monday did take up a lot of buying power but the market has probably gotten a bit oversold.
We apologize for the short Update this evening. For your reading pleasure we bring you the recession warning from Harvard University economist Martin Feldstein.
We will bring 2008 Part Two another evening. Let's hear your 2008 comments.