Week in Review - 03/15/08

It was a lively week, but we are back to where we started still testing the January low. Somehow, the market is staying above this level - for now.

During the week, we learned that a New York governor who demands perfection of others is not so perfect himself; we first were told that the majority of the banking woes were behind us only to find out the next day that Bear Stearns came within a few hours of becoming extinct.

Next Tuesday (03/18/08) we get an FOMC announcement along with "Housing Starts" Numbers. Rates will probably be reduced again, and the dollar will probably continue to devalue with rising commoditiy prices. Somehow, this is suppose to lead us to economic recovery. We'll see.

Charles