Big data this morning and I think it’s safe to say that volatility is back and will indeed remain around for a while. Even though the Treasury is coming forward with a plan, there is still a good amount of uncertainty around its feasibility and probability of success.
I’m wondering if Geithner will consider the Zimbabwe dollar as a backup currency today? The man shouldn’t be allowed to manage a checkbook let alone our country. Frankly, I would love it if every domestic hedge fund flipped him and Congress the bird and let them worry about all the toxicity themselves. Government must learn not to meddle. Here is a great summary from my pal Ash Allen at 24/7 Wall St. who says “Let the People That Broke the Economy Make Money Fixing It.”
Good luck today.