A Horse? You're using coconuts!

Jon Nadler
Across the pond, desperate investors gave Mr. Geithner no slack upon his debut, and the reviews were written all over the Times Square's scrolling signs, when they flashed yesterday's closing Dow number. "Mad Money" Cramer felt sorry enough for the man to issue a plea for patience. Mr. G. might yet surprise many, given some time. We now present to you, something completely different: The markets' initial takes on Messrs. Geithner and King's ride to the rescue:

GUARD #1: What, ridden on a horse?

ARTHUR: Yes!

GUARD #1: You're using coconuts!

Edited by Rogerdodger, 12 February 2009 - 12:46 AM.

Pull up a five minute chart of the dow or sp for tuesday and you will se that the markets were ALREADY DOWN before he even spoke. The traders had already bought the rumour and were well on their way to selling the news. Market reaction had nothing to do with any media perception of lack of "details" that those savvy "investors" supposedly were so concerned with.

The details of his speech were released to the press before the speech. Had there been any great salvation in it, we would have seen a moon shot! But there was no plan, except to come up with a plan. There was no horse, only coconuts!

Edited by Rogerdodger, 12 February 2009 - 10:41 AM.