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Strategies & Market Trends : 50% Gains Investing

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To: stockman_scott who wrote (69227)	11/22/2008 9:52:25 PM
From: tom pope	Read Replies (2) of 118717

Time to get back in, Black Swan? If the numbers Andrew Bary is bandying about are a reflection of the future, you will do extraordinarily well. I understand that the probable Geithner appointment doesn't change the fundamentals (they remain awful) but they may change the psychology. Paulson (the guy who presided over Goldman while it was putting 60bn of collateralized debt obligations on GS' balance sheet) and who was on his knees to Pelosi begging for $700bn a short time ago, has folded his tent before the first $350bn has been put to work. His announcement that Treasury was no longer in the game of taking toxics out of banks gave a message that we could not count on a constructive role from the administration until January. My main reason for optimism until recently was that we now have a proactive approach by Central Banks and Finance officials around the world to reliquefy the system, unlike under the Hoover administration. Right now Paulson is as constructive as Andrew Mellon was in the early 30's. The Geithner news may mean we can now look beyond Paulson to the future. I hope.

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