Fifty days before Obama is the REAL thing. The financial crisis worsens and the automotive industry goes to the brink of disaster. These are heady days. It may get worse before it gets better but the important thing is that it will get better. The stock market is edgy about the BOTTOM. The housing market is also looking for that elusive territory. This to me is more exciting than a Patriots game squeaker.

It was thought to be the end of the season when Brady went down. His backup, Cassells had not played in a real game. Now the Pats are in contention for the league title and Cassells has proven to be an excellent passer and scrambler. Hopefully this is a good portent for the new administration. Already the critics are jumping on Obama for various reasons, both real and imagined. I feel more and more confident that he knows what he is doing, and even more so , that he knows how to do it. He has put together a solid brain trust and knows enough to seek advice. His instincts will guide him to recognize the best advice.

The automotive moguls made themselves look as foolish as the are by flying in to D.C. in their private jets and asking for help. Wisely the legislators have told them to go back home and work out a feasible long range plan where they won't be coming back (perhaps on commercial jets) in six months or a year for more money. They have fought emission control and better gas mileage for years.(The argument was it would cost jobs) The profits from the SUVs and trucks were so good they ignored the increase in market shares of the small foreign cars.(Now where are the jobs going?) How blind they were. They didn't even seem humble at the hearings where they almost demanded huge loans "because they are a key element of our economy". I've detested those behemoths (SUVs) from the beginning so I feel vindicated that they are getting their just desserts.

If anyone knows how to tell the market bottom I'd love to hear it.