Don't Blame Me

I strategically timed the Market Update to coincide with Uncle Ben's releasing of the Fed minutes at 2:15. From this I will determine where your loyalties lie. Nothing earth shattering is expected to come out of this meeting other than the ole wave of the magic "what we think is going to happen down the road" wand. You may want to stay out of the path of that one. We don't expect the Federal Funds rate to change. Keeping the Federal Funds rate low helps all of us now doesn't it.

Cheers! Wallstreet is looking quite dashing in money green today! At last check the Dow was up around 200 points. Nice! Strong activity in the service sector led to better than expected losses. Como? I said it that way on purpose. Remember when your mother said, "If you don't have anything nice to say don't say it all." Well had mother been a spin master she would have said, "If you don't have anything nice to say, make it sound better so no one realizes that it's not the best news." In these trying times, losing less than expected is cause for celebration. Moving out of the spin zone, Proctor & Gamble posted a 33% increase in their fiscal Q4 profit. Hey, no matter what the cost we gotta shave and clean our clothes! My monies on them all the way! If you happen to be out of gas, head on down to the local fill up station. Crude is down to about $118 a barrel. It's getting lighter and sweeter! Round these parts we are posting $3.69 a gallon. Grab the kids and head for the beach!

I found this tidbit quite scandalous. The NY Times is reporting that Dick Syron (Freddie Mac Chief) ignored "red flags" about the financing of questionable loans. Dicks response: "If I had better foresight, maybe I could have improved things a little bit," he told the Times. "But frankly, if I had perfect foresight, I would never have taken this job in the first place." I love it! How many of you would love to walk into your bosses office and say that right now?! Me too! I think he's a genius. It's the "It aint my fault excuse wrapped up in a common sense package with a shiny bow!" Love it!

Jumping over to Hollywood, Mary-Kate Olsen is refusing to talk to prosecutors about what she knows regarding Heath Ledgers death unless they offer her immunity. Interesting. Perhaps she knows where all of those pills came from....hmmmm. If you've had a chance to peep the Brangelina twins you can clearly see that they are the prettiest babies ever. Angelina states that their other 400 children like to dress them and call them their babies. Sweet...now hand over Brad. Rumors are circulating that Lindsey Lohan may wed Sam Ronson. When reporters asked her father for his thoughts he stated that given his Christian beliefs he wouldn't be walking her down the aisle. Exsqueeze me? Where were these beliefs when he was dressed in stripes and shackled at the county jail?!

Hope you are surviving the heat! Until next time...stay cool.