02/10: The Market’s Reaction to the Bank Rescue Plan (Quick version)

Stock Market: “So, Mr. Geithner.   What exactly is your plan, why does it make sense and how will you execute it?”

Geithner: “Blah blah blah uhhhh we have to do something.  Definitely. ”

Stock Market: “I see.”

0210

obama_youth_04 “Shiiiiiiiiiiiiiiiiiit.”

Barack O-Balla

Spare Change We Can Believe In

Quick shout-out to President Barack Obama, hope you are enjoying the your new home and everything else that comes along with being the President so far.  I have a lot of faith in the guy and I think he is fully capable of doing a great job and leading our economy out of this recession.   I do think people are going a little overboard though in terms of expectations, its tough out there.   I’ve seen an absolute ton of bullshit over the last couple of days about how awesome Obama is and how pretty much now everything is cool but ignorance is bliss I guess, oh well.

So considering the unemployment rate is going up, the Dow Jones is headed towards the 6,300-6,600 range for a little while in April or so* and the housing problem isn’t going anywhere he’s going to have to do a little more than have a saxophone duet with Bill C. to make America happy.   I think when it is said and done President Obama, Congress, and State governments will sort things out and put our country back on the path of growth, it’s just going to take a minute.   So in the meantime, I’m buying an umbrella and waiting for that change.

spare change towards weed + starbucks :-)  long live bank of america

*Not based on anything in particular, but no one is paying any attention to the fundamentals so who cares.   It’ll be back by ‘10 don’t worry.