Robert DiAlberto's  Instablog

The banks want a break on the cost of paying back the TARP.  The stories and the news will continue to go around and around.  First the government makes it a loan and then they talk of switching to stock holdings.  Then there are the warrants.  What will the government work out for the banks that want to pay back TARP now.  The plot thickens.   Loans, preferred stock, warrants, common stock.  I hope all this government involvement works.

I am talking to more and more people who are still very skeptical about this market.  They are people who have sold at the worst time, hold on in despair or have tried to trade and get in and out of stocks at the "right" time.  My conclusion is that the average person is totally scared and confused.  Many will not trust the markets the same way ever again.  Some will come back at the worst time.  Fear and greed will always play a significant role in the stock market.

They got me a little with that misdirection this morning.  I did manage to hold on for a little on my day trade but I was doubting my decision early in the day.  April 21, 2009.  Very interesting on the open and through the first hour or so.