Thursday, May 21, 2009

The Market On Thursday

Here's what former Fed Chair Greenspan said about the economy -
"Things have unquestionably improved...They've improved everywhere in the world. It's remarkable."

"There is still a very large unfunded capital requirement in the commercial banking system in the United States and that's got to be funded..." source
Futures are down on Thursday morning. Weekly unemployment figures will be coming out today.

One gets the sense that the recent feeling of relief and reasonable news has yielded to a sober resignation that a full recovery will take years and that there are still profoundly large problems in the system that threaten present gains.

Reuters: Stock futures drop on recovery and U.K. jitters
Stock index futures fell on Thursday as doubts about a quick economic rebound fueled a global equity sell-off...

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