The stock market has been up for two consecutive days.
Is it because Wall Street is beginning to have some confidence in the Obama administration? Or because Wall Street has no confidence in the Obama administration and has decided to go it alone?
I'd like to hope for the former, but I'm betting on the latter.
The rally yesterday came from CITI announcing things weren't that bad for them, plus, I think, a bit of people ready to bounce on the bottom floor. But maybe the markets will stabilize. The next real problem I think will be inflation from all these "buy everything" policies, but that's probably, what, at least six months away?
ReplyDeleteI swear this administration has me scanning the news way too much.