Friday, November 21, 2008

The Market Loves Tim Geithner

Nobody ever knows for sure about such things, but I thought it was remarkable how the market reversed its losses and really took off after NBC reported that Tim Geithner was being named Treasury secretary.

He's an understandable choice: a low-key guy, experienced, with an international background. Just the sort of cabinet pick you might expect from no-drama-Obama. More on Geithner in my profile of the gent for Portfolio, here.

Note the strong connection between Geithner and another candidate for Treasury, Larry Summers.

And, by the way, contrary to an early report in the online Wall Street Journal, he is not an economist.

© 2008 Gary Weiss. All rights reserved.

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