Another great post from Mish. Back to crystal balling market direction.
1. We must assume the banks will forever be zombie until the toxic-assets are addressed completely. TARP stands for "Troubled Assets Relief Program" - but somewhere along the way they forgot to formally address those Troubled Assets.
2. Geithner, so far, appears a mouse in a lion's den. No way he goes 4 years of mousedom? Geithner's got some big plan to be a hero and states this plan will be coming within "weeks".
3. "$2,000,000,000,000" is the number chatter of Geithner's plan to fix those "Troubled Assets".
WOW! Would the market tank along with, and because of, all the banks tanking? Or could any of the above be bullish?
