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.
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4 comments:
At this point, this is almost as surprising as peace breaking out everywhere in the world on the same day, spontaneously!
9:55 PM
"the Senate should convene tomorrow and pass pay-go"
Yes, Matt. This speech is a disaster. "American families are tightening their belts. We (the government) must do the same."
"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.
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