There appears to be a coalescing of opinion on how to work with the economic crisis - throw tons of money at it. Is it real money? No one seems to care.
Reuters: Wall Street flies after government rescues Citi
"The markets love a bailout," said Brian Gendreau, investment strategist at ING Investment in New York. "It seems to have instilled a bit of confidence in the sector itself."
Adding to the optimism, President-elect Barack Obama named his team of economic advisors -- viewed as being favorable for Wall Street.
No comments:
Post a Comment