Tuesday, February 10, 2009

Market Votes No

"We need price discovery and time, not borrowing and spending, which brought us to our current state.

We need a continued downsizing of investor expectations and corporations' fixed-cost structure. " Doug Kass, Seabreeze Partners

Geithner is done speaking, the Senate passed the stimulus package and the market is not impresseed, down 3+%. Looks as though there is lots more work to do.

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