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Geithner speaks, stock market jumps 400 points

Original post made by Tim, Another Palo Alto neighborhood, on Mar 23, 2009

The recession is not over, but is the end in sight?
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Posted by Tim
a resident of Another Palo Alto neighborhood
on Mar 23, 2009 at 1:03 pm

I'm sorry I spoke prematurely. Looks like the professional stock traders jumped in during the last hour and drove the DJIA up 500 points today.

Is it time for the all the pessimists to start shorting the market?

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Posted by Perspective
a resident of Midtown
on Mar 23, 2009 at 3:27 pm

One can always hope that there might be some substance finally coming out. Certainly the numbers today reflect a bet that we might do something right.

Now if we can get the rest of the Admin and White House to zip the lips on economy bashing and likening CEOs to terrorists and the like, maybe we can stabilize.

Now THAT would be change I could believe in! ( Sad statement when all your praying for is a STOP to the hemorrhaging)

I have this bad feeling that as the "plan" emerges about this supposed partnership with private enterprise our DOW will not be as continue wagging its tail like today. After betraying,, destroying and demonizing us and all companies and execs at every opportunity, who will trust this Admin to not betray us,...again? The Goose might stay in hiding to save its neck.

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