Wednesday, August 27, 2008

Disturbing News- FDIC

The FDIC is announcing that they are considering borrowing funds from the Treasury in lieu of 9 Bank Failures.
That's bad because I think there are alot more bank failures to come. I guess all they will do is print money and put the nation in more debt for future generations

Banks

Banks are trying to move higher today. Many are trading at high of day at noon here.

Low Volume

Nothing but low volume- My best guess today is we go up as we had a chance to sell off but no volume came in so maybe we drift up.
This is just painful with little or no volume.


MARKETJEDI