Timothy Geithner is holding very well in the senate. He is defending his decisions during AIG bailout and he is very convincing. These accusations on Ben Bernanke and Tim Geithner were getting more and more ridiculous lately. I am glad that Geithner took a very strong stance. This is going to be good for the markets.
Next today, State of the Union Address and Apple tablet announcements. Let’s see how they fare.
Update 1: Next Hank Paulson testified. He was not as confident and outgoing and markets went down a little bit.
Update 2: Next Apple unveiled iPad. It is thin and light but I did not like the thickness of the frame. Price is not disclosed yet. Price is disclosed and made everyone excited: $499 starting price. This is going to be revolutionary. I will buy it to read books, watch videos and trade.
Update 3: Fed leaves rates unchanged at 0-0.25%. Markets responded positively
Update 4: Waiting for Obama’s State of the Union Address. Obama made the address. His style. Good talking, reconciliatory tone, markets moved up.
