Arkady's Thoughts

If this is an indication of what the Obama administration is planning, I can say with certainty it will be a bumpy ride. As mentioned earlier the America Serves section already changed it's wording. I suspect a lot of blogs picked up on the fact that Obama will require community service and angry people must have caused them to alter the language. I was then perusing their agenda and found a lot of disturbing proposals that sound something like the Great Society or the New Deal. I was planning to dissect them one by one at a later point and discovered today that their entire agenda is gone. There used to be a whole index of issues and now there is just this:

As a student of the market and a participant I want to share my opinions on the market's action during the week of the election. As you know the market had two days of very steep losses after Obama won the election. Before we come to a conclusion it is important to realize how to understand and read the market. There is no exact science or explanation to the action of any particular day. You will hear often the news agencies offer explanations every day, but I assure you that 99% of the time these explanations are just fluff. Some very common ones are: - profit taking - investors worried about recession - investors cheering company x or upset about company z - and other absolutely trivial events. The truth is that the news you hear may contribute to a particular move, but the market as an entity has already made up its mind. For example in a bull market, no amount of bad news can stop the surge upwards and vice versa . Which by the way, is a great indicator that the market is very