A BIG, GIANT QUESTION MARK
With futures down over 200 points on the Dow as I type, I will be delaying the weekly review until next weekend. We're making a move to the bottom end of the range on the equity indices. I do not know which way this will play out. It could go either.
We're at a juncture that is very similar to fall of 2008, when nothing worked except selling with reckless abandon. I'm not sure if the end result will be the same. In other words, complete financial annihilation. However, the market is doing a wonderful job of playing the role of 2008 dressed in 2011 clothing.
Obama's job speech and ECB meeting, both on Thursday, are major catalysts.
