Could Today Be the Day for a Selling Climax?

Maybe because those buying are doing so based on the knowledge that the next few months will be replete with all sorts of hail mary saves for the banks and anyone else with their hand out. Listen to what Geithner is saying, they are going to pull this thing up by its bootstraps, and use a crane to do it if necessary.

The bond market is hearing him loud and clear.
 
Quote from JonathanMtl:

The gap HAS to be filled! You guys didn't read Carter?

Oh, yeah:

"The gap between our citizens and our Government has never been so wide. The people are looking for honest answers, not easy answers; clear leadership, not false claims and evasiveness and politics as usual." -- Jimmy Carter's Malaise Speech, 1979
 
Back
Top