Tuesday, February 10, 2009

Will the Stimulus Work?

from The Wall Street Journal.

February 10, 2009
Financial stocks led a broad move down in the market on the heels of Geithner's unveiling of the Treasury's bank-rescue plan and Senate passage of the stimulus measure. The Dow Jones Industrial Average dropped by roughly 350 points, or 4.2%, reaching its worst levels of the day in midafternoon trading. Bank of America and Citigroup experienced double-digit percentage losses.
I guess the market just voted.

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