News feed that popped up on my screen:
Obama: Jan. unemployment report 'devastating news'
Above this news feed I see Dow up 180 point or 2.21%. S&P up 16 points or 1.93%. Hmm devastating news equal powerful rally. Got to love the politics and the markets understanding of politics. Market read "devastating news" as warning to Congress that they better get on board the stimulus plan and we better up the bank bailout package. So buy!! The lovable hateable wacky world of markets.
Friday, February 6, 2009
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