Posted on 02/10/2009 12:09:08 PM PST by Free ThinkerNY
...is it still Bush’s fault? :)
IRS Seeks Input on Cost-Basis Reporting
Securities Industry News (subscription), NY - 7 minutes ago
At issue is whether investors who choose to participate in the plans after they have purchased shares in a company will be subject to the 2011 or 2012 date ...
Oil tumbles 5% as investors cast doubts on plans
MarketWatch - 9 minutes ago
The funds for the programs would come from both the Fed and the remaining half of a $700 billion bank bailout program approved by Congress in October. ...
APNewsAlert
The Associated Press - 9 minutes ago
NEW YORK (AP) — Dow industrials fall 400 as investors show frustration with government’s bank bailout plan.
Geithner Does Little To Create Confidence
Forbes, NY - 12 minutes ago
The Treasury created a Web site where people can track what banks are doing with federal bailout funds, financialstability.gov. ...
New bank bailout disappoints
Malaysia News, Malaysia - 12 minutes ago
Major US bank shaes fell sharply Tuesday after the US Treasury released details of its new bank bailout package. While investors and traders voiced concern ...
Bank plan skepticism sinks Wall Street
Washington Post, United States - 12 minutes ago
But investors said they were disappointed that Treasury Secretary Timothy Geithner did not provide vital details of how his plan will work. ...
Stocks Fall Sharply As Outline Of New Bailout Emerges
Free Internet Press, NY - 15 minutes ago
Stock markets surged last week as investors waited for Geithner to lay out how the administration will spend the second half of the $700 billion bailout, ...
Avon Products heads lower with overall market
MSN Money - 18 minutes ago
Meanwhile on Wall Street, financial stocks led the market lower, as investors remained wary about the government’s latest bank bailout plan. ...
AVP
ANALYSIS-Geithner on the defensive in his big debut
Forex Pros, British Virgin Islands - 19 minutes ago
Like his predecessor, Henry Paulson, Geithner seems to be more popular with investors in theory than in practice. Much as Paulson was well received on Wall ...
My favorite;
APNewsAlert
The Associated Press - 9 minutes ago
NEW YORK (AP) — Dow industrials fall 400 as investors show frustration with government’s bank bailout plan.
Geithner Does Little To Create Confidence
Do you think????
I was thinking that my referencing “Obama’s STUPID speech” would make the sarcasm in my post implicit, but I guess it didn’t.
Actually I think that it's a tie with Paulson but...
While I sometimes think that there's no strong connection between the market and some DC backbencher yakking I do think that the drop today was directly related.
Firstly because of the leaks. There was a strong sense that a different approach was going to be rolled out.
Secondly was because no one saw Volker's fingerprints on this. There was some chatter that Volker would be the adult in the room running things and maybe he (Volker) has gone nuts and he bought into this but nobody is betting on it.
Thirdly and IMO this had less effect than the other two was Geithner himself. He's just another DC backbencher and everybody knows it.
But then trying to figure how why the market does anything is always a bit of reading chicken bones anyway.
“So how’s this gonna work out when there’s nothing left in my 401k to pile in a wheelbarrow so I can go to the store and buy a loaf of Weimar Bread?”
My advice is to keep a close eye on your wheelbarrow!
Can we now officially call this Obama’s economy and Obama’s fault? This drop is directly tagged to that duffuss he had speeking today.
Yeah, it did. I was just giving it an old man’s noogie...that’s noogie - with a “g”
What plan? They delivered nothing. That’s way the market tanked, the devil is in the details and there wasn’t any detail. Amen.
Stocks have been living large on government reduced interest rates and government goosed consumption. This has tapped out. The success of listed companies is what matters and what has to be 'stimulated' is domestic production. When people start working again, companies will do better and the market will bloom.
How? bring back the exported jobs and factories to the equilibrium they were prior to the deficit trade agreements. Trade agreements should be based on we buy from you, you buy from us. Now we buy from you and we print dollars and send them to you. That just results in unemployment.
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