SAN FRANCISCO (Reuters) – California prepared on Tuesday to resort to issuing IOUs as the giant but cash-strapped U.S. state struggled to approve a new budget in time for the new fiscal year that begins on Wednesday.
The old "Terminator" ain't looking so good these days is he yikes! You know they say trends start in California and spread out to the rest of the United States from there. Man I hope not!
The market fell out of bed this morning and flopped around on the floor all day with a very minor pop near the end of the day. I don't see any good setups for tomorrow but I think the fund managers are done screwing around with their portfolios to make themselves look good so maybe trading will smooth out a bit. Good Luck.
