Trader Talk

Stocks have gained steam in the last hour, but particularly after 2:30 pm as Fed Chairman Bernanke came out and gave his blessing to the plan.

Why? Because stock traders are pragmatists. Is the Bush mortgage plan a "rational response" or a "bailout?" The beautiful thing about spending your day with stock traders is that for the most part, while they may argue about ideological issues, they are at heart pragmatists. And what they care about is money.

And here is the bottom line for Wall Street:

--This "bailout" is good for stocks.

--The Street believes that the macro events of the "bailout" will help mitigate the effects of a slower economy.

Questions?  Comments? 

Tools:

PrintEmail

Next Post

Previous PostBack to Main Page

• 

POPULAR TRADER TALK POSTS

• 

• Have Retailers Hit Their Limits? 

• 

• The Good And Bad of Credit Cards 

• 

• Wall Street Fears Dodd Bill 

COMMENTS

More Comments

 

« First | « Previous

Next » | Last »

Thank you for joining our discussion. Your comment has been posted.

ADD COMMENTS

Please Sign In or Register to participate.

In order to add a comment you must click here and accept our terms and conditions.

Edit Screen Name

Please sign-in/optin or register to be able to submit comments.

Remaining characters

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

PREVIEW COMMENT

Your comments have not been posted yet.
Please review your submission to make sure you are comfortable with your entry.

Your Comments:

MORE TRADER TALK

» Trader Talk Home Page

Current DateTime: 11:04:05 29 Nov 2009
LinksList Documentid: 23279666
Expiration DateTime: 11/29/2009 11:06:26 PM

• • Stocks Lurking Near New Highs Again
  • Risk Trade Is Back On
  • This Week's Biggest Story: The Dollar
  • Corporate Issuance Continues at Torrid Pace
  • The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
  • Colgate Really Sparkles After Hours
  • Light Volume Has Traders Complaining
  • Gold Shatters Another Record
  • Have Retailers Reached Their Limits?
  • The Retail Mind Game