The markets improved today as a result of Bernanke saying no bank federalization and we may be able to pull out of this recession within a year, so if there is some tick tomorrow it's NOT BECAUSE OF WHAT OBAMA SAID TODAY OR HIS PLAN.
He ain't so dumb.
Leni
Geithner announces his stress test plan for the banks tomorrow. That’s what will move the market - although I still think there’s enough uncertainty in the market for the traders not to be exactly encouraged by the Messiah’s remarks. If they’re not jittery, they should be.
I smelled a dead cat bounce today...
In any event - we’re pretty much screwed. IMO.