November 24, 2008
The ‘leak’ of Tim Geithner for Treasury with one hour to go before market close Friday was pure genius. He’s the man the market (and every talking head on CNBC) wanted, so it was no surprise the quick 600 point jolt that ensued. And then there was a whole weekend to dwell on the good feeling.
I was willing to be the market would have a great day Monday as the econ plan and team was announced.
But I’m not so sure anymore with news of a second Citi bailout and all. However the market was already pricing in Citi’s troubles, so maybe this will be welcome news too.
Either way, it’s going to be interesting.