Thursday, December 13, 2007

Still no love for Bernanke from the stock market

Major League Baseball got hit with a bat today. The Mitchell Report came out this afternoon and some big names(Roger Clemens, Andy Pettite, Miguel Tejada)were outed as steroid users.

Wall Street is still reeling from not getting its way. Peter Coy wrote a piece on BusinessWeek.com explaining the deficiency of the Fed's latest move.

In fact, the only good news that has anything to do with America is the last few days is the death of Ike Turner.


European stock markets were down sharply. Apparently, no one is impressed by this multinational bailout.

The Nikkei was off 2.5%; It appears that subprime may reach all the way to the land of the rising sun.

So where can an investor find good news? Russia of all places. Putin is moving towards more economic liberalization.

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