CHESSNOID

I have lost most of my interest with Dancing with the Stars. Cameron got the boot, and my guess is next week it will be Jenny. The top 3 will be Helio, Mel B, and Marie Osmond. I get the feeling the person with the most fans that will put the star over the top will be Marie Osmond. Of course, I will watch it till the end. Just need to watch all the way to the end for myself. I am actually rooting for Helio.

The stock market is bouncing around up and down more lately. Today, it started up with the continuing momentum from yesterday’s close. The housing issues still won’t go away. All the big bankers are scrambling to put a plan together, and every earnings announcement seems to get most investors very nervous. Although, I sense most expect losses, they are never to the extreme the banks seem to announce or re-adjust. Again, we have higher adjustments in more of these loans coming to light. It is a matter of time till all the loans implode but we are not there yet. I have charts in my earlier posts if you want to see. Long term, I have to guess the market will respond to these bank losses accordingly. Short term, I think the bank still needs to pile up more piles of money to offset the oncoming onslaught of foreclosures.