Monday, September 29, 2008

Monday Morning Flash Post



Friday's debate was about a draw, but I think that works to Obama's favor, with (1) McCain's lunacy last week, (2) the economy continuing to tailspin, and (3) the next big item on the schedule being the V.P. debate on Thursday.

The market is going to continue to spiral this morning until the House vote at around 1 p.m. EST. I'm predicting passage; after that, the Dow should be up by three to four hundred. If it's not, that'll be a terrible omen for the coming year or two or three. Of course, if the bill doesn't pass, I'd say it's a good time to start burying precious metals in your yard.

China is planning on building a space station.

The Palin bubble is popped.

Bill Clinton's recent shenanigans are simply unforgivable.

I wonder if it's still a good time to invest in gold and silver, as we're sure to face further turmoil and trouble over the next six months to a year, and the dollar seems set to take a further fall.

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