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Put A Sock In It!
Posted on 02/28/2007 10:41 AM | Link | Post Comment
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I wanted to throw up when I heard the financial channels sensationalize yesterday’s market decline. We heard comments like;
“President Bush said he would talk to Treasury Secretary Hank Paulsen about today’s market sell-off”.
“Bernanke will undoubtedly get a lot of questions about the sell-off in his testimony to congress on Wednesday”.
"Worst percent drop since March 24, 2003".
AP Photo/ examiner.com- I don't know if this guy is upset over the market decline or if he hit his head on the computer monitor.
If you were going to get answers straight from the horse’s mouth, Paulsen and Bernanke would be the one’s to ask. They are after all members of the “Working Group on the Financial Markets” (aka-Plunge Protection Team).
If the President does speak with Paulsen about the markets, he needs to ask about the “mysterious buyers that have materialized in the futures markets”- (Jeff Saut/ Raymond James) since the July 2006 lows.
AP Photo/ examiner.com- I don't know if this guy is upset over the market decline or if he hit his head on the computer monitor.
If you were going to get answers straight from the horse’s mouth, Paulsen and Bernanke would be the one’s to ask. They are after all members of the “Working Group on the Financial Markets” (aka-Plunge Protection Team).
If the President does speak with Paulsen about the markets, he needs to ask about the “mysterious buyers that have materialized in the futures markets”- (Jeff Saut/ Raymond James) since the July 2006 lows.
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