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Melissa CH.com Moderator CH.com Alumnus Offline Don't give up! Posts: 7238 Central WI, USA Gender:	Stocks rallied today on choice of Treasury... Nov 21^st, 2008 at 7:41pm Secretary Tim Geithner. Does anyone know much about him? All I know of is what's on Wikipedia.
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Garys_Girl

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Re: Stocks rallied today on choice of Treasury...
Reply #1 - Nov 21^st, 2008 at 8:06pm

Honestly, I don't think it has to do so much with his background as an end to uncertainty. As head of the NY Fed, he's worked closely with Paulson recently, particularly on the Bear Stearns sale and the AIG rescue. It's more that he's a known quantity, than a particular quality, IMO.

The market has been heavily shorted, and today was options expiration. The large sell-off was on volume in front of this, and on this news, people couldn't afford to be short.

Don't worry - we've got existing home sales, preliminary Q3 GDP, consumer confidence, durable goods orders, personal income, personal spending, and new home sales (among others) next week. Wink

Laurie

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« Last Edit: Nov 21^st, 2008 at 8:08pm by Garys_Girl »

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Melissa CH.com Moderator CH.com Alumnus Offline Don't give up! Posts: 7238 Central WI, USA Gender:	Re: Stocks rallied today on choice of Treasury... Reply #2 - Nov 21^st, 2008 at 8:19pm niiiiiiiiiiiiiiiiiiice
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Charlie CH.com Alumnus Offline Happy to be here Posts: 18971 Jamestown, NY Gender:	Re: Stocks rallied today on choice of Treasury... Reply #3 - Nov 21^st, 2008 at 8:58pm Supposedly level headed and can deal with the other creeps that enjoy economics. Worked for more than one President, I think. Charlie
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Garys_Girl

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Re: Stocks rallied today on choice of Treasury...
Reply #4 - Nov 21^st, 2008 at 9:43pm

Charlie wrote on Nov 21^st, 2008 at 8:58pm:

Supposedly level headed and can deal with the other creeps that enjoy economics. Worked for more than one President, I think.

Charlie

Gary believes Bozo the Clown might have been a better choice. I told him that just dates him. Wonder if Bozo's still going...

Geithner worked under Summers (Clinton's Treasury Secretary for 1 1/2 years). I think he worked for Rubin too. Roll Eyes

Laurie

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Jonny Ex Member	Re: Stocks rallied today on choice of Treasury... Reply #5 - Nov 21^st, 2008 at 9:46pm Melly Mel, im offended by this thread....YOUR BANNED!.....LMAO I love you, Melly!!!
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Charlie CH.com Alumnus Offline Happy to be here Posts: 18971 Jamestown, NY Gender:	Re: Stocks rallied today on choice of Treasury... Reply #6 - Nov 21^st, 2008 at 9:57pm You're right Laurie. I couldn't remember both names. My understanding is that he managed to get along with them both. Thanks. Charlie
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Garys_Girl CH.com Hall of Famer Offline Making biscuits Posts: 821 Planet Cat, NJ Gender:	Re: Stocks rallied today on choice of Treasury... Reply #7 - Nov 21^st, 2008 at 10:40pm Yup. They like him in DC. Laurie
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Melissa CH.com Moderator CH.com Alumnus Offline Don't give up! Posts: 7238 Central WI, USA Gender:	Re: Stocks rallied today on choice of Treasury... Reply #8 - Nov 22^nd, 2008 at 10:50am Quote: Melly Mel, im offended by this thread....YOUR BANNED!.....LMAO O I love you, Melly!!! Ooooooooooooooo Jonny, I'm skeert. Whattya gonna do, come over here and beat me up? (love you too bro but you gotta weird way of showing it, lol)
Back to top	« Last Edit: Nov 22^nd, 2008 at 10:50am by Melissa » Diseases can be our spiritual flat tires - disruptions in our lives that seem to be disasters at the time but end by redirecting our lives in a meaningful way. ~Bernie S. Siegel IP Logged

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Jonny Ex Member	Re: Stocks rallied today on choice of Treasury... Reply #9 - Nov 22^nd, 2008 at 12:16pm Melissa wrote on Nov 22^nd, 2008 at 10:50am: (love you too bro but you gotta weird way of showing it, lol) Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or ....Better? ....LOL
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Melissa CH.com Moderator CH.com Alumnus Offline Don't give up! Posts: 7238 Central WI, USA Gender:	Re: Stocks rallied today on choice of Treasury... Reply #10 - Nov 22^nd, 2008 at 12:18pm Quote: Melissa wrote on Nov 22^nd, 2008 at 10:50am: (love you too bro but you gotta weird way of showing it, lol) i20.photobucket.com/albums/b206/Racer1_NC/Smilies/asskiss.gif ....Better? ....LOL Yes, much.
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