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Sunday, March 22, 2009

Coming Up On Wall Street


Its coming to an investment portfolio real near to you real soon. The word is that the "plan" will be revealed on Monday. So with less than 24 hours to go, we will be either slightly up in the chips or very down around the edges of our mouths.

I would not want to be in Geithner's shoes. He will either be in the same boat as Hussein or he will be the second coming. That's way too wide a margin.

The drama is building. The people at the core of this thing are probably doing stress reduction and deep breathing at this very instant. I can't imagine the pressure that they must feel. I'm even nervous about it.

Reuters: Investors banking on toxic-asset plan
A disappointing plan could set the stage for a sharp, swift slide in the stock market, but a well-designed one could serve as a catalyst for further gains.

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