Thursday, January 3, 2008

Wall Street Stimulant.

The U.S. economy is at a heighten risk of sinking like the Titanic so the ship's captain needs to seek all revenues and resources to rescue its crew and passengers all on board from a dire death trap. http://www.youtube.com/watch?v=Sm1q6Hk_bbg&feature=related
All the President's men,namely Treasury Secretary Henry Paulson;Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission will be meeting President Bush tonight Friday to discuss and update market conditions and regulatory policy on financial markets.
President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
White House press secretary Dana Perino said Thursday that Bush is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.
The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns.
In his end-of-the-year message, Bush said, "The underpinnings of our economy have proven strong, competitive, and resilient enough to overcome the challenges we face."
Tracking the Dow on Thursday,3/01/08.
It is supposed to be a bullish day but the bulls have the desire to conserve their energy for the bull-run along the bumpy trail.It's a warm-up training today.The theme-play this month will be the focus of the FOMC meeting on the 29thJan on rates -cut.Single trader behind $100 a barrel oil record price

It's a bullish spinning bottom within the lower body of previous day.The head & shoulder pattern on the 27th,28th & 31st have translated into a base for reversal.