R.C. Market Report 2.17

• Today: Market closed right on par with the closing low of November and Obama signed the stimulus plan.

• Tomorrow: I expect more downside to come, if not tomorrow then the day after. What surprised me today was the lack of buying interest as market opened less than 100 pts away from the Nov. low. I thought that there would be speculators that would come pick up some stocks at this level, but it didn't happen. Instead, gold was up big on the day. This could only mean that the market isn't low enough to be a bargain just yet. We are getting close but we are not there yet.