Tuesday, February 10, 2009
Sometime later this week, Treasury Secretary Timothy Geithner will unveil a revision to the revised plan that he released today. That will be followed by weekly emendations, modifications, updates, redactions, corrections, and overhauls deemed necessary to keep the ball rolling.
Next time Geithner will be targeting a 1000 point Dow drop. It'll take a lot of revision to get that level of result, but I'm sure the Obama team is up to it.
Isn't it a little alarming that every time Obama makes a speech, or makes some policy decision, the market responds by taking a dive?