PRE OPEN
Markets are set to continue their late day rally from yesterday this morning and some good work on the charts from Captain Kirk and Trader Mike.
Gold tumbled yesterday but is bouncing back this morning trading near $974 while silver is still way up at $20.15. Dennis Gartman, the well respected commodity/stock trader is looking for a DJIA/GOLD ratio to eventually hit 9/1- not sure of the time frame - but both will probably be at higher levels.
And can all those tax cutters out there please help me with this. Probably W's lasting legacy. On a final note, why didn't all those republicans who are screaming about democrats letting W's tax cuts lapse- why didn't they extend them in 2006 before they knew they lost power?
posted by DAVID at
9:15 AM
3 Comments:
I guess they were hoping the people will vote for them to be in office again so they can extend it. But, surprise, surpise...
Dont know - but they sure had plenty of opportunities to extend the tax cuts.
They bought into Karl Rove's wet dream of a permanent Republican majority, and figured that they'd be in power forever.
Fortunately we live in a two-party democracy, and jailing public figures simply for being of the opposition party remains rare, if not impossible.
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