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  • What Does It Mean When Stocks Rally on Bad News? [View article]
    I personally think there is much #3 in recent market activity.

    What is interesting, though, is we only have the broadest idea of what the program will comprise and no assurance it will work. And even if it should, there will be lag times between approval and spending and we could be into 2010 before effects are felt.

    I have grave reservations about government initiatives, particularly where large sums of money are involved. And I dont think the market appreciates that the Obama team will have to put up a vigorous fight to prevent congress from subverting national interests by attempting to direct spending to their states and pet projects.
    Jan 06 06:37 am |Rating: +4 -1
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