WHO is the NEW HEAD OF THE TREASURY

[D2bets]

Vicious late-day Geithner-fueled rally on WS.

 

[nimue77]

1. Who cares if he is a Jew

2. To think the rally on Wallstreet today has anything to do with this pick is
ridiculous. If it drops tomorrow will that be Obama's fault for picking him?

 

[tiznow]

i know i'm just messin around

i expected markets were going to bounce at the 2002 lows anyway

the markets tend to like to give a "reason" though

that said geithner is a ben boy

and the fed is pretty much done all it can except the inevitable rate cut to zero....they created every scheme to provide as much near term liquidity to the system that they could.....and that has seemed to work in calming down the credit markets and worries about any big banks failing for the near term at least....

but the treasury sec has alot more powers as far as finding ways to "helicopter" fiat into the hands of joe six pack as has more influence on the lawmakers as well....

especially with the new powers recently giving to the treasury sec by congress

honestly treasury secretary for the near term is the most powerful position in the world IMO

the fed chief usually but his ability to much more has run out.....basically a big majority of the ammo has been depleted

 

[D2bets]

1. Who cares if he is a Jew

2. To think the rally on Wallstreet today has anything to do with this pick is
ridiculous. If it drops tomorrow will that be Obama's fault for picking him?

There's no question it had everything to do with the pick. Word suddenly leaked right at 3pm est and within 10 minutes the dow had moved 300 points. Right or wrong, the late rally today was primarily, if not entirely, on the Geithner news. Might be unwarranted, but that's what happened.

 

[nimue77]

There's no question it had everything to do with the pick. Word suddenly leaked right at 3pm est and within 10 minutes the dow had moved 300 points. Right or wrong, the late rally today was primarily, if not entirely, on the Geithner news. Might be unwarranted, but that's what happened.

If you have paid attention in the lat few months, the big moves, up or down, have been late in the trading session almost every time. You don't know the "rally" had anything to do with it. Oh, and watch, the market will lose it all back and more soon enough. Can we blame that on Obama's pick?

 

[D2bets]

If you have paid attention in the lat few months, the big moves, up or down, have been late in the trading session almost every time. You don't know the "rally" had anything to do with it. Oh, and watch, the market will lose it all back and more soon enough. Can we blame that on Obama's pick?

It may lose it all back and then some, but today's late rally was primarily a reaction to Geithner. Like it or not. Choice of Treasury Secretary is of interest to Wall Street and a 300 point move in the 10 minutes following the news ain't no coincidence.

 

[DarrylParsons]

I think that just the fact that someone was picked was a big boost to the market in itself because markets in general go up when stuff is known and down when there is uncertainty. Risk averse nature of humans I suppose.

 

[joelatti]

Thanks Wil!

Title should be WHO is the NEW HEAD OF THE TREASURY?

 

[joelatti]

I do not care that he is a Jew, nor do I care that someone stated that simple fact, but I do care that Timmy G. is more of the same.....

More "wall St. " bankers....more FED influence....MORE OF THE SAME....


WHERE IS THE CHANGE OBAMA??????????

 

[GasMan]

I sorts figured BO was gonna bring Guilliano from Illinois with him....

 

[joelatti]

I sorts figured BO was gonna bring Guilliano from Illinois with him....

:missingte


Well maybe he could have taken Dallas Head of FED FISHER, as he seems to be the only one with a head on his shoulders!

I really didn't want anyone from the FED as if you listen to Ron Paul and Thomas Jefferson, the FED is the enemy