...

Hello Friends,

Well the hangover continues from the "good" news from the Feds on Tuesday. The DOW closed down 219 on news of 2 of the Big 3 automakers stating they will be shutting down production until inventory of existing vehicles starts moving. Chrysler stated they were going to halt production at 30 plants for the month of January. The White House responded though with the comment that they "would not allow a disorderly collapse of the auto giants."

Also hurting stocks was the talk of Chrysler being absorbed by GM in a buyout, this caused GM stock to tumble 13%. Kind of mixed excitement with a barrel of oil dropping by more than 10% in value today, bringing prices down to nearly $36 a barrel. That should translate to $1.50 at the pumps soon. The problem though is this pulls down values on other energy stocks which added to stock declines today. Please watch the video for more details about mortgage rates and economic reports from today.

Finally, I would like to leave with a thought from John Maxwell, "Nothing will have a greater impact on your future than the choices you make today. Each time you make a choice, you move a little farther in a particular direction, for good or for ill. Choose wisely, and the bridge you build will take you to the future your desire."

Be Blessed!

<< Back to article