Wednesday, September 14, 2011

The Arrival of Geithner...

We are not sure where he has been this whole time; however, he is now all over the place. The President didn't help the markets, Bernanke didn't help, and now Geithner speaks. Surprisingly, he helped sooth the markets at least 20 minutes so far. He stated there is "not a chance" that Europe's major institutions will let there be risk in the eyes of the market.

Wow! That is a bold statement. Not sure what to think. He probally regrets saying such a statement at an insignificant juncture-Dow 11,000 is not the place to waste a statement like that.