Masochistic deniers


So the treasury secretary gives a speech on the latest plan to "fix" the banks, and the stock market tanks.

Instant analysis follows . . . deciding the market plunged* because there weren't enough details about the plan.

Which means either a) people who owned bank stocks sold off because the secretary didn't say they would be bailed out with no exposure or loss or b) people who owned bank stocks sold off because the secretary didn't say the banks would be nationalized and they would be wiped out.

Which in turn means that the people who hold bank stocks are (or were) either a) in complete denial or b) heavily masochistic.

Or maybe the people "analyzing" the market couldn't analyze their way out of an empty Wal*Mart parking lot...

* If five percent still qualifies as a plunge