MV Weather Report: Severe Storm Warning for GE
It was another up and down day on Wall Street: Markets basically closed flat for the day. The tape was controlled by Washington and its dual talking heads Bernanke and Geithner. Today on Capitol Hill Geithner said the US needs to reduce its massive debt while Bernanke said he backs the government’s strong action to stimulate the economy. As for the S&P 500 it closed at 696 which is a new closing low as well as a new low for the current bear market. The market seems to be in its own mini-crash here. Not as bad as October/November ...
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