Tuesday, September 23, 2008

TARP and THOR

Well, they just introduced TARP, which is the TROUBLED ASSET RELIEF PROGRAM, a few minutes later Shumer mentioned that he would like to introduce THOR which has something to do with taxes and housing. We now have two plans, one named after an action hero and one named after roof covering. I'm just wondering how many more we will have by the end of ther day?

Steve Leesman and Mark Haines are taking their gloves off already, can you imagine what is happening in the hallowed halls of Congress?

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.