While I could write for a LONG time about it, I’m going to limit it to what I feel are the top 6 things that I think could very well happen. Keep in mind, this is being written after watching President Obama’s press conference but before anything gets passed.
1. The market is expecting that both the Stimulus Plan and TARP II will provide “the answer” to the problems that are currently plaguing our economy. With that being said, I believe the markets will be disappointed because the problems facing the economy are way more complex and urgent than what one or two bills can solve. The disappointment will put downward pressure on stocks and upward pressure on rates.
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