Wednesday, January 27, 2010
Newsworthy Items From Today
I suppose the S&P climbed a little more than 5 points on the good news that the one month treasury yield turned negative, or was it that the new home sales declined sharply in December, or was it that the FOMC is not gonna raise rates cause things are not as rosy as expected, or was it cause Geitner an Paulson testified that neither knew shit about the AIG deal, or was it the release of the AIG schedule A, or the suspension of MM withdrawals, or O's speech tonight? I don't know what it was. I do know that the good news is that the markets will rally on any news is BACK! Wooo Hoooo! What a great day!