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Overnight Open Thread

949
3 wood2/22/2009 7:48:10 am PST

re: #937 realwest

Sure I will. I probably will see him tonight.

In financial news folks, the whole focus this week will revolve around the “toxic assets”. The market as a whole has gotten tired of waiting on the Obama Administration to deal with these in a way that makes sense. Until the “toxic assets” are dealt with, the market will assume that the banking system is going to be nationalized, which means that share holder equity will go to zero, so financial stocks will drop to near zero and stay there unless and until Geithner finds a clue.