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Mid-day Update

The market continues it’s weakness and mini bounces aren’t holding.  GS had OK earnings, but their conference call wasn’t as positive as most would have liked.  As of this posting, the share price is still dropping, down over 5%.  The European Central Bank injected $500B into banks today to provide liquidity through year end.  That’s $500 Billion, wow!  Again, there were those cheering this event, but man oh man oh man!  That is a bit scary to me.  I sure hope somebody out there knows how to keep this all from unraveling too quickly.  I really do. 

I’m going to jump back into the pit now, because there is money to made no matter what this market is doing.  More updates later, but there isn’t any more economic data slated for the rest of the day.