Monday, February 23, 2009

Watch the Markets Pop

The WSJ floated a story last night that the Fed may buy up to 40% of Citi Banks shares. This news apparently is sitting well with many in the investment community. Might be an interesting day.

8 comments:

mat said...

Of course they're loving it. It's not gonna be their money at risk. It's gonna be ours. Here we go again, you still think the government can fix a problem they created. Sheesh.

Doug said...

Yep,
kind of like me going to play the ponies and so all day I bet on the 50-1 nags and if I win I get to keep the money.
If I lose I collect $10 from everybody as they walk out until such time that I have recouped all my losses and have sufficient funds to play the ponies again the next day.

Sean said...

umm... not so much. The DOW is down 250 points on the day.

rac said...

What do you guys mean, the markets did pop... like a big old zit!!!

mat said...

Help me understand RAC. From what I've been reading you aren't to impressed with the current administration so far but yet you still can't say exactly why you voted for them.Bush wasn't eligible for re-election and I can understand you not liking McCain but looking back and knowing what you know about senator Obama from Illinois do you really think that he would be any different? I know you have kids and you know I do to, but is this the legacy that you want to leave to them? Just to prove a point. What about their future? If you look at our president and vice presidents voting records in congress is that what you really want for your kids future?Peace Out!

rac said...

I actually like the guy. My only problem is with how his team is handling the current situation. However, it's quite possible my expectations were too high. I had anticipated a more forceful plunge into action. My bad for listening to the rhetoric... they got me.

rac said...

But how about that 236 point Big Ben bounce today. The Feb spoke and amazingly the markets didn't crash. He said the recession could end this year. What do you think?

mat said...

We should all hope. Personally I think he might be right but only because I think the economy would come back anyways. I will admit though that flooding the markets with "Pork" can't hurt. Money is money and cash is cash. God Bless America!