Still waiting…

Well, for all the talk of a big news-making weekend, we are still waiting for all the details to be released.  The Senate came up with its own version of the stimulus bill that now needs to go back to the House to decide on the changed bill.  Geithner announced today that he would postpone the release of his bank bailout until tomorrow to allow the focus to remain on passing the stimulus bill. With the House not looking at the new bill until tomorrow, Geithner’s announcement may be delayed again.  While news outlets are already releasing some of the details of the plan, I will hold off on committing fully until we see all the details of the bill.  Whatever is released, this will mark a busy news week for the markets.  It is still yet to be seen if any of these plans will actually help the market; but once released, the market will at least be able to objectively judge and move forward.