Tomorrow is the big day when Geithner presents the details of the stimulus package in a public address.
Many have commented that the direction of the market and the economy for the entire year could very well be apparent this week as a result of the Wall St reaction to the stimulus.
I'm still optimistic. I mean, why not. Investors talk about the possibility of the S&P hitting 950 by year's end. We'll take it.
Reuters: Wall St flat ahead of bank plan, stimulus
"Everyone's waiting for Geithner tomorrow," said Steven Masocca, managing director at Wedbush Morgan in San Francisco. "Expectations are raised or as high as they can be -- it may be a bit anti-climatic because a lot of the details have already leaked out."
No comments:
Post a Comment