Jan 222010


A Little Friday Hell
January 22, 2010 8:44 am GMT · editors comments

I’ve projected lower prices for stocks and gold, but there’s no telling whether the Friday Effect could turn the trend into something memorable. In any case, stocks look like hell.

Investors rediscover political risk;

For the past year, government has been investors’ best friend. Massive fiscal and monetary stimulus has goosed markets like never before.But this week, investors are rediscovering big government can mean big crisis (Greece’s fiscal deficit), big mistakes (China’s rising inflation) and big interference (Obama’s banking proposals in the US).

Will check with “Fast Money” at halftime:

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