Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (455441)	2/10/2009 12:59:22 PM
From: tejek	Read Replies (2) of 1575637

Stocks fall as gov't unveils financial plan Banks selling off big time... looks like the markets don't think it will work, at least from a shareholder perspective. From what I am hearing, the plan is too vague, not enough details, too much of the same. The markets were looking for a plan where feds provided funds and took an equity note in return. Geithner's plan doesn't look to be doing that. Its also unclear how long it will take for the banks to recover under his plan. Its also important to note that the markets were short term overbought going into this announcement so this plan would have had to have been perfect to cause a rally but still......it validates my concerns about Geithner. The media loves him but I think he is weak.....and I think he is as culpable as Paulson for the screwups with the first $350 billion of the TARP monies. BTW watch the BKX.......its recent low is $25.33...currently, its at $27.92. I think it does a retest.......after that is when the banks should be bought assuming the retest is successful: stockcharts.com

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