Pink Ink

Yesterday was definitely a red ink day as markets plunged on comments from the Fed Chief. Today, another Fed board member backed him up, indicating they may be ready to hike rates again. While the market responded negatively, the result was not quite so, well, red. I call it Pink Ink. The Dow managed to stay above 11,000, when all was said and done. The numbers were all negative, but the slide has slowed. In the midst of the decline, GM reassured investors about its progress. The auto giant is tackling its problems and making headway. This came on the same day that Moody's is threatening to downgrade Ford bonds even more. What a topsy turvy day... Pink Ink! DJ 30 -46.58 NASDAQ -6.84 S&P 500 -1.44