Yesterday was a very strong day in the stock market because of the government issued statistics on housing starts in February.  Also, the government decided to go after all of Madoff's assets including the ones in his wife's name.  Good news....

Today, does not seem to be as positive.  The markets are awaiting the Federal Reserve Meetings to see about interest rates, but there doesn't seem to be any room to move,  just talk..

February Consumer Price Index Rose 0.4% seasonally adjusted.  This is the first sign inflation is right around the corner.  You can't keep spending and printing money without inflation.   BE PREPARED. 

The CEO of AIG is at a hearing today with Congress.  Every politician on Capital Hill is jumping around about the bonuses AIG is giving.  Don't you just wonder where all these politicians were when they gave AIG the money with no strings????

Bond market is still flat.

 

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Chris Gildersleeve

Old Saybrook, CT

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