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Gary Tanashian
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Gary Tanashian is proprietor of Biiwii.com. Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium market report 'Notes From the Rabbit Hole' (http://biiwii.com/wordpress/about-nftrh/). Complimentary analysis and commentary is available at the public... More
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  • "Wall St opens higher after Bullard comments" 3 comments
    Nov 23, 2009 10:35 AM
    NEW YORK (Reuters) – "U.S. stocks opened higher on Monday after comments by a Fed official reassured investors the government is committed to helping the economy recover from a deep recession."

    Translation: Look, you know this is illegitimate and we know this is illegitimate, but we hope that HOPE can become a transformational thing, with the best case being a cyclical bull market kick started through admittedly panicked, ill-guided and unproductive policy. We'll deal with the fall out later but for now, party on... we NEED you speculators to friggin' PARTY ON!!
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Comments (3)
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  • doubleguns
    , contributor
    Comments (7891) | Send Message
     
    Its difficult to party on with only 73 cents and a coke bottle top good for one free soda.

     

    Not going to be much of a party.
    23 Nov 2009, 10:45 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10803) | Send Message
     
    Big banks afraid to get caught with their balance sheets down. Smaller ones getting caught with compromised positions like #124 that just failed over the week end in FL. Foreclosures up, unemployment up and margins down every where. Seems like a great environment for rife speculation. Good luck with that.
    23 Nov 2009, 10:57 AM Reply Like
  • Gary Tanashian
    , contributor
    Comments (86) | Send Message
     
    Author’s reply » Hey, you bears are so 2008! :-)
    24 Nov 2009, 10:17 AM Reply Like
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