Congress now tells us that it has put off a vote on any Detroit bailout until after Thanksgiving. It warns the Big Three that it had better come up with a viable plan to use the money to get back on track or the check will not be written.

Paulson says no to automakers…  Currencies trade in a tight range…  Richard Russell on a Wednesday!  TIC Flows improve… And Now… Today’s Pfennig!

The Big Three are up on Capitol Hill, making their case for a government bailout. Andrew Snyder says investors can position themselves to make a profit with auto-related stocks. He picks three companies on the auto supply chain that could get a boost if the government decides to “rescue” Detroit.

The Dow dropped another 338 points on Friday. How much more of this can investors take? Berkshire Hathaway fell below $100,000. And GM appeared to be heading for the junkyard.

The dollar rallies big time!  A dollar conspiracy?  Bailing out the automakers?  Weathering the storm in N.Z.?
And Now… Today’s Pfennig!