Who do you think is going to come out the winner in this one?
Wall Street roared back from the doldrums today with a near 500 point gain of the DOW post Timothy Geithner unveiling the latest, and greatest, banking bailout plan. Too bad businesses don't pass down gains to consumers.
I don't see consumer spending, wage growth, or job gains returning anytime soon.
Stocks probably touched their low while the market hovered around 6,500 earlier this year. Have Joe and Jane Doe touched bottom yet?
I doubt it. Everyone will have to pay for the many years of loose credit and over spending. We won't get a bailout.
That I can guarantee you.
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