Daytrading to earn a living: An individual success.

As the values of real estate, stocks, and bonds evaporate, people seem to be questioning whether investing time and money in a college degree is worthwhile. The answer, it turns out, is pretty clear: A wide variety of studies show that, on average, college pays off in financial and nonfinancial ways. But some college graduates--especially those who attend low-quality institutions or take worthless courses--will be below that average and might very well be wasting their time and money. Those who are lucky, smart, and diligent enough to attend high-quality colleges and earn in-demand degrees will be far more likely to reap big rewards.
Is it the person and not the degree?
Many of the doubters argued that successful people will be successful with or without a degree. College graduates typically only earn more because, on average, smarter people attend college, they said. Bill Gates and many other wealthy dropouts have shown that it's the person, and not the degree, that determines success, they said.
So, even if you don't happen to need a degree to get a good paycheck or to think big thoughts, your life will be better if lots of people around you graduate.
Tracking the Dow on Monday,17/11/08.

4-days to Dow Futures Expiry.

9:30am:--Mild gap-down.

Just hitting the wires, October industrial production rose by 1.3% after falling 3.7% in September. Economists expected an increase of 0.2%. Capacity utilization was 76.4% in October, a slight dip from utilization of 76.5% in September. Economists expected utilization of 76.5%.

10:30am:--Breakaway bull.

Japan officially fell into a recession for the first time since 2001, joining the Eurozone.

11:30am:--Bullish dragonfly doji.

There continues to be speculation regarding government intervention to aid General Motors (GM 3.31, +0.30), Ford (F 1.76, -0.04) and Chrysler. GM told federal officials that a bankruptcy filing would result in a chain reaction that would damage suppliers and dealers, The Wall Street Journal reported.Economic concerns continue to weigh on investor sentiment.

12:00pm:--Shooting star.

The bulls try to look past economic concerns and more job cuts.Separately, the G-20 summit did not produce any agreements that would alter the near-term picture in any meaningful way.

1:30pm:--Bearish harami.

Reuters reports that a Democratic leadership aide said the U.S. Senate is unlikely to pass a broad economic stimulus this year.

2:30pm:--A morning star followed by graveyard doji.

Crude oil prices fall to session lows, currently down 3.4% at $55.10 per barrel.Bloomberg reported that the Bush administration will not seek the remaining $350 billion from the $700 billion financial rescue plan, and will leave it to the Obama administration.

3:30pm:--Graveyard doji.

In corporate news, Citigroup (C 8.87, -0.65) announced plans to slash as many as 52,000 jobs from its workforce, which totaled 352,000 at the end of the third quarter, in an effort to cut costs due to the financial market turmoil.

4:00pm:--Three black crows.

Mission accomplish cleaning the mess.Look for futures index roll-over rebound.