Comments on: Is This Rally Real?

By: Tim

Tim — Mon, 23 Mar 2009 22:10:45 +0000

i’m not so sure it was geithner’s plan, as much as the increase in existing home sales numbers. the govt still has to get private investors locked in, and i will tell you i sure the heck wouldn’t want to invest if there is a repeat of last week. moreover, don’t forget, obama has included capital gains tax hike by 2011, which people seem to forget about. so another problem i see here is that if private capital comes in, we will see a sell off before the projected tax hikes. i think the only way private investors are going to come in is if they can make a very quick buck on it and then flee from it because out of fear congress and admin will retroactively change the terms and/or fear of higher taxation on capital gains.

By: Sun

Sun — Mon, 23 Mar 2009 21:01:47 +0000

It looks like this time investors like Geithner’s plan better than last time when he spoke (last time the Dow as down 380 points, today up nearly 500 points). But still more time is needed to see whether this is a bottom or not.

By: Super Saver

Super Saver — Sun, 22 Mar 2009 04:15:19 +0000

I agree that this rally is temporary. If it didn’t end last Friday, it surely will after Secretary Geithner shares the Treasury’s toxic asset purchase plan. After Congress has villified AIG, I don’t think many private investors will participate in any government subsidized plan to purchase toxic assets.

By: Tim

Tim — Sun, 22 Mar 2009 00:28:37 +0000

it’s temporary. we have some wild swings coming up through the summer. don’t see anything really stabilizing until late 09 early 10