Stock Market Analysis – 01-07-2009
January 7, 2009 at 11:58 pm · Filed Under Broader Market
Intel lowered expectations a second time and the market met some resistance finally. We’re still on an uptrend for now though, so technically this was just a correction on the shorter term scale. In other news, the porn moguls of Hustler and Girls Gone Wild, Larry Flynt and Joe Francis, are asking for a piece of the bailout now too. While mainly a publicity stunt, it actually doesn’t seem so farfetched when you look at the way congress has been handing out money lately. Hopefully the publicity is making people think about the bailouts again, and what reasons the auto industry gave that the porn industry couldn’t give.
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