Search This Blog

Friday, November 21, 2008

Obama's Huge Decision

On news of Obama's Treasury Secretary pick, the DOW zoomed.

Now we begin the process of figuring out who Tim Geither is.

Allegedly the announcement comes on Monday. What remains to be seen is will there be a sense that someone has their hand on the financial steering mechanism. Last we heard from Bush, he was out riding his bike on the bridge to nowhere.

MSNBC: NY Fed President Tim Geithner To Be Treasury Secretary
...NBC News' report on Tim Geithner likely to be named Treasury Secretary, stocks rebounded sharply. The Dow Jones Industrial Average was trading in negative territory -- down about 38 points -- before the news. Moments after, the Dow zoomed more than 300 points.

No comments: