Almost everyone has been predicting recession, recession, but for it to be a technical recession, even if your wallet is telling you, it
may be here already, there has to be two quarters of negatice growth and although there have been signs of a recession, the growth of the GDP has not been totally negative. The latest report on U. S. GDP for the third quarter was, a fall in growth to 0.3%. Sales for the holiday season, are expected to be low, so the fourth quarter GDP, will possibly be negative, and may indicate that the recession, talked about for so long, has finally materialized. The length and depth will depend on the consumer, who represent a very large part of the GDP, and the resulting policies put forth in the future.

Markets overseas are mixed, U. S. DOW futures are in low negative
territory, at the moment.

News reports, of those reviewing the electoral college map, have moved more states into the Obama column, giving Senator Obama, a total, if they hold, of 281 votes, you need 270 votes to win the presidency. Senator Obama would need to hold Pennsylvania, and take the red state of Virginia, to win. There are now about seven toss-up
states remaining, Obama is leading or tied, in four of those states.
In Arizona, Senator McCain's home state, McCain is leading by seven points in one poll. There is a move afoot, reportedly to pour more resources into the state, by the Obama campaign, which has prompted the McCain campaign to rev up the robo calls to the residents of Arizona. Whatever!

Senator Obama will reportedly meet with the automakers, he is mulling over the loan the companies are requesting. Wonder if it is without pre-conditions?

Exxon-Mobil reported third quarter revenue, of over $14 billion dollars.

American Express reportedly will cut 3,000 jobs in the near future.

The Bank of Japan lowered its interest rate to 0.3%. As a result, the Nikki fell on the news.

South Korea's stock market, the KOSPI, rose 19%, reportedly the most since at least 1987.

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Taking a chance requires courage, not taking a chance requires nothing, and will probably result in the same, nothing.