Comments on: GEITHNER PLAN VERSION 2.0 http://pragcap.com/geithner-plan-version-20 Sun, 12 Feb 2012 01:45:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TPC http://pragcap.com/geithner-plan-version-20/comment-page-1#comment-436 TPC Mon, 23 Mar 2009 16:05:19 +0000 http://pragcap.com/?p=2285#comment-436 We'll see. This looks like nothing more than a recycled version of the Paulson plan. The market certainly likes it today. At least the short sellers don't want anything to do with it. I have a feeling we'll relapse here in the coming weeks when we realize that the same problems with TARP 1.0 exist in TARP 2.0. I still wouldn't buy into this rally, but I wish you luck. We'll see. This looks like nothing more than a recycled version of the Paulson plan. The market certainly likes it today. At least the short sellers don't want anything to do with it. I have a feeling we'll relapse here in the coming weeks when we realize that the same problems with TARP 1.0 exist in TARP 2.0.

I still wouldn't buy into this rally, but I wish you luck.

]]> By: Theo http://pragcap.com/geithner-plan-version-20/comment-page-1#comment-432 Theo Mon, 23 Mar 2009 08:58:43 +0000 http://pragcap.com/?p=2285#comment-432 Good job on your indicator and the 2 day sell-off coming into fruition. Yes this is TARP revisited, but injecting cash, buying of troubles assets off the books, and the feds making sure the yield curve is nice and steep is too much momentum for continuing the bullish trend begin a few weeks ago. Stocks need a wall to climb over right? Well I see all the ingredients are in place for multiweek bounce. Who knows where we'll be a year from now, but at the moment, I am playing this long. Also look at this chart of XLF, last week was the first time in 6 months that the 50sma has been breached. <a href="http://stockcharts.com/h-sc/ui?s=xlf&p=D&yr=0&mn=6&dy=0&id=p69762152792" target="_blank">http://stockcharts.com/h-sc/ui?s=xlf&p=D&...</a> How the markets digest this news in the next few days will be telling. Good job on your indicator and the 2 day sell-off coming into fruition. Yes this is TARP revisited, but injecting cash, buying of troubles assets off the books, and the feds making sure the yield curve is nice and steep is too much momentum for continuing the bullish trend begin a few weeks ago. Stocks need a wall to climb over right? Well I see all the ingredients are in place for multiweek bounce. Who knows where we'll be a year from now, but at the moment, I am playing this long. Also look at this chart of XLF, last week was the first time in 6 months that the 50sma has been breached. http://stockcharts.com/h-sc/ui?s=xlf&p=D&…
How the markets digest this news in the next few days will be telling.

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