Monday, March 23, 2009

Initial Reaction to the New Giethner Plan

The New York Times and The New Republic don't seem too impressed.

However, as predicted, the stock market is reacting favorably - the Dow is up about 4% at this point. In addition, Asia markets are doing very well today based on this news.

Of course, if the plan fails to take root, these early gains are meaningless. But it is further proof of what I posted last week - investors are there and money is there. People just want to know there is a potential for things to get better.

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