The Dow fell again, now to 1997 levels. Confidence is sagging. No kidding. It is becoming increasingly obvious that Obama and his team (as people still like to say, but now with less gusto) have not yet been capable of instilling confidence that they know what to do. Charles Krauthammer is quoted from Fridayï¿½s Fox News (just a couple hundred words), the short of it: "The markets are responding remarkably, exquisitely, sensitively to political events, much more in than in the past. And the reason is for the last year we have had huge intervention of the government in the markets and the banks, in autos. So it is not just a reaction to economic news, but to whatï¿½s happening in Washington." And this is a nice summary from Investorï¿½s Business Daily. And then there is the issue of possibly nationalizing the banks (This took a bit of an explanation to my mother the other night. Is this possible son? No, no, Mom, this is America, says I with wink toward Hucklebery Finn and his stretchers; why upset my old Mom.): This story indicates that it will not happen. That would surely be the end of regaining confidence and trust...for a long while.