financials: Bonds Hanging In Mid-Air
- 01/21/09 01:21 AM
Yesterday, the stock market dropped sharply with its worst-ever performance on an Inauguration Day. More often than not, the stock market has declined as a new presidential term is greeted. What may be surprising to some is that the Bonds didn't benefit. Trading was thin as Washington was essentially shut down and our Fed wasn't buying Bonds. Seems everyone tuned into the Inauguration. This thin trading exacerbates the volatility in the market. Today, Obama's pick for Treasury Secretary, Tim Geithner will be in the spotlight as he appears before the Senate and answer to his tax "mistakes". However it appears this … (0 comments)
Yesterday, the stock market dropped sharply with its worst-ever performance on an Inauguration Day. More often than not, the stock market has declined as a new presidential term is greeted.;)
;)
