AIR POCKETS

Market will try to rally from yesterdays 87% down day. Volume on the decline INCREASED by 45% !!!

Pressure will remain on the most important component of our economy, housing, until maybe 2012 when the worst of the mortgage arm resets decline....I can't see home values stabilizing until sometime near then. Bank profits are trading profits, losses are hidden with accounting rule change.

NAHB housing mkt index is faltering again after brief rally from lower depths not seen since 1991

Residential fixed investment is in the krapper not seen since 1950's !

Do as I answer same as I do? Consumer Confidence to BUY A HOME is at lowest level in almost 30 years. Plans to add a frig or dryer etc near decades lows. Autos? in the krapper.

These are the engines of the economy, showing scant signs of life. GDP will get boost from inventory rebuild, and weak 2008 comps, but retail sales are very weak.

Obama choosing bad timing for rattling his Wall Street are scums sword. More uncertainty, what is priced into market, going forward we are sure to find out.

Price weakened enough to fall back into lower trading range, expect rally attempt, I don't think it will have any teeth.

Duratek