Tuesday, February 10, 2009

How to instill confidence in the markets

You start by saying this.

"We will have to adapt it as conditions change. We will have to try things we've never tried before. We will make mistakes. We will go through periods in which things get worse and progress is uneven or interrupted."

Sound familiar? This is an excerpt from Tim "Turbo Tax" Geitner speech this morning.

It's sounds eerily similar to Bush's speech on the war on terror.

We all know how that worked out, right?

It seems to have worked. The market is down about 400 points today.

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