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November 29, 2007
Very Bad Economy = Soaring Stock Market
-- by Dave Johnson
Fed vice-chairman says
that the Fed "will act as needed" to address the volatility of the current economic situation.So the stock market goes up over 300 points.
Right. As Kevin said,
"Uncertainties about the economic outlook are unusually high right now," he said. "In my view, these uncertainties require flexible and pragmatic policy making."Now see, if it were me I'd be running for the hills at this news.
Posted by Dave Johnson at November 29, 2007 7:22 AM
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