Tuesday, February 10, 2009

Is This Thumbs Down on Geithner's Rescue Plan?

Up to $2 trillion more in bailouts announced! The chart says it all. At the moment that Treasury Secretary Geithner began his press conference to unveil his new financial system repair plan, stock markets plunged and treasuries rocketed higher. This appears to offer an early assessment of what the financial markets think of this new plan. It's thumbs down!
Stock Markets

Treasuries -- buying is a sign of more fear!