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Published: Thu, 26 Mar 2009
Description: Another positive week on Wall Street and the Treasury made some big announcements.
Full Article: http://www.myfoxboston.com/dpp/morning/032609_Markets_up_again
Automatically Generated Transcript (may not be 100% accurate)
" On Wall -- What do those big announcement means all about joining us financial planner and securities America and -- and are strong advisory group. Well no -- at 830 WR and -- Iran and get bigger and -- tell it hard to get it all and you like always wrap of Wall Street we are."
" Third week in a row -- on Monday at 500 point rally. Did it not in today acting the market's -- open up in positive territory right now futures are up about one. Or what you think -- while on the."
" Well."
" Things I think perhaps old old when it went 500 a few weeks ago and now what happens is -- finally -- Have a plan to bail out the -- we have a plane to get credit flowing again they've ruled that out."
" And it's meeting with a pot or bonds by industry people OK the banking and going to start working again."
" As a result that's right after the ground. Do you think they're willing to -- Tunnel wouldn't wouldn't I do think we're going to plateau I don't know that there's a whole lot of money to be made -- and -- I expect that over the next year the Dow could get -- high 8900. But I don't look for a lot more beyond that because we don't -- any -- problems we have tremendous level of unemployment. And a lot of you know major problems in our economy the not getting -- or -- bottom. I do think we have I think -- at the bottom two and a half weeks ago I looked back to that Monday. Doom and gloom day and when we look back in retrospect your 25 year from now say what that was."
" We got treasury Treasury Secretary weakened. By -- Taxpayers dollars due out in -- lure. Them in her own money. That I feel about this I. Think. Well."
" I think this thing to remember. This at the in tighter version of the language -- that you are here talked about Wall Street is. -- that stands for public. Private and and the idea is to. Have the federal government makes them very attractive for private investors to start by that means your money and -- money. It is being used to do hedge funds mutual funds and pension plans to -- They're very attractive price when I looked at them like last night and what are going to be very hot commodities and people are going to buy them out. That the good the bad part I think what people are hurt by saying why the taxpayer. Subsidizing. Wall Street -- tax -- bank like Yankee group Bank of America these are all getting. -- taxpayer subsidies and another up to go along and it being done in an effort to -- to get credit. Are. -- During contact going to go up I think you're -- something called a general tax other countries have done when they've had major problems. The -- at work putting forth on the under attack here are not enough to pay for all of you can do if you do a thing called in general a -- candidate did twenty years ago and tax. Everything you loud and and by growth. -- general tax bite. Close by and we'll pay that state level now right but I'm talking about federal tax gets tacked on on top of -- that's right."
" You know I don't everybody agree no no no but I asked. -- like a lot of beer ads are that I -- that well let's hope that the continued to direct me recovery looming media player yet. -- you very much."
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