Markets today...
S.&P. 500 closed at 908.11, 11.33 (1.26%) up
Dow (DJIA) closed at 8,691.25, 172.04 (2.02%) up
Nasdaq closed at 1,603.91, 11.84 (0.73%) down
Alan Greenspan, one of the main proponents of a very (very...) free market, has admitted today before Congress that he “made a mistake” believing that markets can regulate themselves.
Two comments:
1 - Duh!
2 - Mr. (ex) Chairman: peddling "securities" that bet on the condition of the soybeans market in 2009 based on the outcome of the 1936 Preakness race is not trading...
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