Comments | deviantsaint: stimulus bill

deviantsaint

stimulus bill

Feb 11, 2009 16:40

So, the stimulus bill passes, and the stock markets take a shit.

So, my financially savvy friends, whats up with that? Aside from whether the stimulus plan would work or not, why did it's passing have this effect on investor psychology OR, are the markets responding to something else altogether?

Comments 4

jeffreyab February 10 2009, 22:56:38 UTC

Since no news is good news then any news must be bad news.

napalmgod February 10 2009, 23:18:05 UTC

I think it was reacting to the new TARP-II plan..

I'm not a financially savvy friend, but... z111 February 11 2009, 05:04:50 UTC

Elsewhere, someone is speculating that it's because stimulus includes regulation of Wall St and street doesnt' like that.

Seems maybe sensible but I don't know.

Maybe another possibility is that when we didn't know what congress would do, everyone was holding their breath and now that it looks clearer, everyone is scared and shitting bricks.

Another is that maybe the market is trying to verify bottom.

In reality, the market just went back to where it was a few weeks ago.

Because ... btripp February 11 2009, 05:05:09 UTC

I think the markets understand that Obama's so-called "Stimulus" package is nothing but a whole gift list of Leftist goodies that they couldn't get Bush to sign off on over the past 8 years. They're paying back in one fell swoop a whole swath of fringe constituencies and trying to convince the taxpayers that it's to "stimulate the economy". It fits into the Obama/Pelosi/Clinton plan of making things tank so bad that they "have to" institute State Control over damn near everything. Somewhere Joe Stalin is laughing.

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