Now you know why I don’t like strong market opens. Again today, the market opened on a very strong note, but it has since faded. This erodes confidence. Of course, we have the President speaking today, where he will announce his fiscal stimulus package. Let’s hope it’s something substantial.I still hold that the Fed could have avoided the need for a big fiscal stimulus package if they had just acted sooner with bigger rate cuts. And you don’t have to e-mail me and tell me that that would have spurred more inflation and a weaker dollar. I’m su[...]
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[Source: The Money Blogs]
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