Replies to post #298881 on $Stock*Shop*Charts*News*Option$

[Stock Lobster]

BI: Merrill: Obama Just Triggered The Well-Overdue 'Wall St. Versus Main St. Correction'

Vincent Fernando | Jan. 22, 2010, 10:52 AM | 1,412

After China began tightening monetary policy faster than expected, Obama's sudden hard charge against U.S. banks was the straw that broke the market's back according to Bank of America Merrill Lynch. What we've witnessed with the recent market sell-off is the ultimate result of Wall St. diverging from Main St.:

Merrill: Wall Street (the equity market) and Main Street (the labor market) have diverged, and this cannot continue indefinitely. Financial sector policies have worked. Labor market policies have not. The biggest risk for 2010 bulls is that policy makers withdraw financial market stimulus via regulation, or raise rates before stimulus has had a chance to help the labor market and cause a double-dip.



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[Tuff-Stuff]

I watched it, and saw him standing toward the end of the line. Yes, he looked down at his shoes as I remember, but there was also that turn of his head at least once I caught, and the expression on his face along with the body language did not paint a happy face.


The question becomes, is Tim or Ben going, one or both? Or, is Tim going to become a mere figurehead with his wings clipped???

Any way you look at it, the markets do not like all this turmoil on fast pitch this week. I posted HOROWITZ sa>10 Reasons for the Shift in Market Sentiment, and Ben or Tim could be added as 11 or 12!

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