Market Update: Averages turn positive on Krugman comments amid light volume…
Krugman suggests recession may be over by September, HA I say HA! double dip maybe, over, no way….CA AZ NV and FL are still falling off a cliff in housing and that means our consumers are not spending, CA is a large part of our economy last time I checked….
But on light volume the averages are rallying to turn positive…
DOW up 27 to 8790
S & P up 2 to 942
NAS up 1 to 1850
And here is one to watch, again, the 10 yr just hit 3.90%, the very minute recovery looks imminent, Oil and treasuries are ready to rocket….
Video: Paul Krugman on Geithner Toxic Asset Plan…
Bloomberg has the exclusive in-depth with Krugman, including a response to Summers’ take on Paul’s position:
Exclusive Interview with Nobel Prize Winning Economist Paul Krugman (Bloomberg News)
Moderate in the Middle 