thursday already....

Morning all,

Nice to see the SPI has dropped a bit over night after it's climb yesterday. Brings it more in line with the rest of the world imo.

On the XJO daily the down trend line seems to be putting a cap on action for now but depending on what Bush says this morning that may all change.

After a week of "urging" from many of the US's top end, the rescue package is slowly getting priced in imo. I still don't think we have found a bottom yet. Dodgy debt doesn't just go away. In this case it's just being transferred to the government where you could probably bet it will be mis handled.

Anyway, enough thinking out loud. Here's the chart