The Obama administration has much to blame on its predecessor. But its own fiscal strategy is highly leveraged on a theory that has not scored well in previous runs. Markets are dubious that the "stimulus" will stimulate. And investors are losing patience with the federal fixes offered for the banking crisis. If the warning signs of the Dow are not heeded by policymakers, they will be by others Full Story »
Posted by Peter L. Combs
Well written chronology of the financial market's response to bailouts, the election and the Obama inauguration. Interestingly presented with specific dates and resulting market moves. Makes a tenuous argument for dredging in old Kensian economic makret theorys.
Investment markets look VERY far ahead for trends and potential opportunities. SO far they see nothing long or short term and are saying so in unison. Perhaps when the DOW bounces off 5500...they might get the point of what we all know is needed.
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