Wednesday, January 27, 2010

Obama will prod Congress to enact a second stimulus package and to provide new financial relief for the middle class



Breaking news and very unexpected!

Obama will prod Congress to enact a second stimulus package and to provide new financial relief for the middle class.

This could trigger a market rally depending on how big a package (if he chooses to say anything about the size of the package at all) and how much will be offset by deficit reduction/spending cuts.

If you are short stocks sit tight for now.

More on this later.

4 comments:

Mike Sandifer said...

At this point, this is almost as surprising as peace breaking out everywhere in the world on the same day, spontaneously!

Matt Franko said...

9:55 PM
"the Senate should convene tomorrow and pass pay-go"

Mike Norman said...

Yes, Matt. This speech is a disaster. "American families are tightening their belts. We (the government) must do the same."

Mike Norman said...

"We need to produce more goods and sell them abroad. This is how we will create jobs."

No, this is how we will send more and more of our product to foreigners so they have the benefit, while Americans use their newfound earnings to live meager, subsistence lives. That's what export economies look like.