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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (455441)	2/10/2009 12:59:22 PM
From: tejek	Read Replies (2) \| Respond to of 1575596

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

To: Road Walker who wrote (455441)	2/10/2009 1:30:12 PM
From: tejek	Read Replies (3) \| Respond to of 1575596

First insurgency, now cannibalism. What's next? Infanticide? GOP Group Threatens to Campaign Against Republican Stimulus Backers The National Republican Trust PAC is threatening to provide financial support for primary challengers to any stimulus-supporting Republican in the next election. foxnews.com

To: Road Walker who wrote (455441)	2/10/2009 8:46:53 PM
From: tejek	Read Replies (1) \| Respond to of 1575596

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. It wasn't so much that it was bad......he just did not fill out the outline of the plan that has been leaked for the past two weeks. Plus they leaked the aggregator bank concept and then reneged on it. That has a lot of people freaked out. The bears were waiting for a misstep like that and when he gave it to him, they jumped. I think now we do a retest of the November low.