Another Day Another Dollar

Miller Tabek reports an interesting factoid. They report that every dollar lost in the market hurts consumer spending by 4 cents over the next 18 months, so consumers lost about $400 billion of the $1.2 trillion that was lost on Monday. We grabbed about $8 billion of it back yesterday but you may want to see how the market is doing before you go to Starbucks next time.

Today is round two of the bailout, and it reminds me of how things felt on Sunday night as we waited for Washington to save the day. We may get an up or down vote this evening so it should be volatile. Futures are lower here after yesterdays big run up.

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