The market roared back late in today's trading session, capturing back about 40% of yesterday's trouncing. Have to love Yahoo's word salad today: Stocks were in positive ground after General Electric gave a better-than-feared business update and then surged to session highs in the final minutes of trade after General Motors outlined its plan for government aid.
"Better-than-feared." If that doesn't describe market psychology at this point, nothing does. It's a climate of fear.
And GM's plan? "You give us money; we build cars." GM wants loans and plans to repay them starting in 2011. Huh? Using what business model? The business model that burns $1B a month in cash? How does that work?
Meanwhile, have to love Summer Glau in Terminator: The Sarah Conner Chronicles. Summer's one-liners are great. To explain her strength? "I've been working out."
Auto sales plunge to 26-year low. Remember a few years ago when companies had 0% interest rates and were stealing sales from future years? Just thinking out loud.
Orange Punch notices By now it’s widely known that President-elect Barack Obama scoffed at Hillary Clinton’s foreign relations credentials before he found them so fetching that he fetched her to be his own secretary of state. Kind of funny in retrospect.
iPhone fever is contagious here at the Fun Factory. I have one. A coworker bought one soon after. And now, two other coworkers went and bought one for themselves and their wives.
Speaking of, downloaded the free (until Friday) Easy Wi-Fi for ATT App that makes getting on the ATT wi-fi hotspots easier than the standard way. I find myself near ATT hotspots frequently, so this should save some keystrokes.