Tuesday, September 27, 2011

The Steve Liesman Market

Much like it was the Charlie Gasparino market a few years back (remember the nearly daily rumors about solutions or bailouts for MBIA and Ambac? they now seem quaint), it is now the Steve Liesman market - he says bailout, the market cheers... he says not so fast, the market cries.

It's all become a bit ridiculous, but this is what happens when the entire market is based on politicians and central bankers.

Nice 20 point drop there in the last hour or so on the S&P 500 - would have been 25 if not for that U-turn in the closing minutes.

More "constructive" action (tongue in cheek)....

So tomorrow put your chips on black or red!  Or what Steve Liesman reports!

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