Waiting for President Obama

As the stock market goes down everyday, it is apparent that the world is waiting for January 20, 2009. The G-20 meeting last weekend agreed to meet in April, 2009 with President Obama. Is it possible for anything positive to happen in the next sixty days? I guess when Obama names his Secretary of the Treasury and informs the market about his upcoming policies. The market looks like it will test 7800 in the next few days. We may be headed to 7200 on the Dow by Friday. I expect retail sales to get better starting on Black Friday, the day after Thanksgiving. Hopefully, people will begin spending with hope for the future. It is Obama's job in the next sixty days to provide this hope.

Random thoughts...Mark Cuban has been charged with insider trading...why would he do this with a balance sheet in the Billions?....Citibank is firing 50,000 employees worldwide...I expect the unemployment rate to be over 8% by January,2009....will GM get money this week? I think so.....but it is easy to predict that GM, Ford,or Chrysler will be history at this time next year...