The Cajun Boy: Jon Stewart basically tells Wall Street to go fuck itself

Thursday, February 12, 2009

This probably goes without saying, but I wholeheartedly share in Stewart's frustration...

Barry O said...: Are you finally beginning to see through Barry O, the giant do nothing's bullshit?; 12:00 PM
ae38 said...: This is dumb. Jon Stewart went for the cheap laugh and you fell for it. When "financial journalists" reference "Wall Street", what they often mean is that TRADERS around the WORLD who trade stocks and bonds on the NYSE and NASDAQ, whom made the decision to sell off stock/bonds they currently held. If your entire value to a firm is based on your profit & loss book and you have a mix of companies that are heavily dependent on market fundamentals and you need to make a decision as to whether the company is likely to gain access to credit and increase production and make money, you better have specifics to back up your viewpoint and Geithner failed to do that. Geithner's either an idiot or a complete fuck-wit. It was senseless to make an announcement that basically said "We don't know what the fuck we are doing but we think we should have a good idea sometime soon" because market makers, who are basically high paid gamblers, are not going to take on the risk of not being able to make a somewhat educated guess about the future. Without that, its better to sell than "hold and see."; 1:20 PM