Thursday, April 2, 2009

G 20 to the Rescue?

It was just reported that new FASB guidelines will take effect Q2 2009, not retroactive to Jan 1 and definitely not retroactive back to Jan. 2008 as was the chatter in the rumor mill yesterday.

I think it's fair to say that we will know early on what the mood will be in the market today. Not much else to report yet so let's watch the headlines. Good luck today.


Sean said...

Obamacrats are overstepping. The backlash will build slowly. What attracts all people from every nation to this country is exactly what these professional politicians are destroying. Perhaps the only chance for this agenda to be defeated decisively is for the Obamacrats to push the envelope to a breakingpoint.

upsidetrader said...

true, and they will, it's nice to see Dodd down 17 points in Connecticut already-its starting now

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.