Thoughts on Tech, Deals, and Markets

Sucker’s Rally

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The S&P was up 2.69% today despite worse-than-expected data on job losses.  The logic is that bad economic news is good because it will force a government stimulus package.  Except nothing the government has done yet has kept unemployment from skyrocketing and the financial system from remaining fundamentally insolvent.  Maybe logic isn’t the right word.

Written by sandykory

February 7, 2009 at 6:40 am

Posted in Uncategorized

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