18
Feb
09

Obama's Financial Market Legacy

Today the DJIA closed at 7552.

CNN has the audacity to headline, “Stocks fall despite rescue.”  Gee, perhaps stocks fell because of the inflationary rescue package?

They had the money quotes buried:

“I think people are pretty skeptical of Congress,” said John Wilson, chief technical strategist at Morgan Keegan.

“There’s a real worry that the stimulus plan doesn’t attack the right problems,” Wilson said. “And you’re seeing a follow through on the lack of details out of Geithner.”

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