The markets ended down a little over a half percent today but it easily could have been up. Stocks swung up and down as Secretary Geithner was chastised once again during the Congressional hearings. It is a little sickening to listen to the folly but until the Treasury Secretary proves that he has a plan to fix the financial markets, Congress will put on a show for their constituencies.
The government is working hard but their scorecard so far is tilted toward the losing column. The market is due for a rally but until we see Friday's unemployment picture, investors are unlikely to become too bullish.
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