CHESSNOID

Today the markets all started in positive territory.  I think investors are still happy about the federal reserve’s comments of increasing liquidity if necessary and possibly lowering the interest rates to alleviate the credit crunch the housing market is going through right now.  Last night I saw another news piece about the subprime market on TV hyping up all the people that will lose their house because of their teaser rate loans.  I am really unsure about how this market will come out in the short term.  Today it is OK, but every little news seems to get it jittery.