It is interesting that Obama chose Geithner over Larry Summers and other names like Paul Volcker. Geithner is a young guy at 47 years old. And to the country at large and most of the Washington political establishment, he’s a new face.
Yes indeed, change is coming.
The market closed happy on Friday – DIA up 494. Be interesting to see if the market’s euphoria is still there next week. I’m keeping my powder dry for the time being. This guy could well be a flash in the pan, but I sure hope he packs the gear.