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Toddo On TV: Putting Financials Back On the Rails


Markets, movers and more.

Toddo muses, What do the markets need to hear at this point? Certainly not Federal Reserve Chairman Ben Bernanke posturing against higher inflation during the biggest deflationary spiral of our lifetime. The head Minyan believes a coordinated global rate cut is coming down the pike.

Now watch this! Toddo's concentrating on yesterday's S&P low, the CBOE Market Volatility Index (VXO) and Citigroup (C) (did it need the Wachovia (WB) deal?).

What's the right move to get financials back on track? Look, buckaroo, the nationalization of the banking system seems all but inevitable. Toddo's a free market guy, but we've passed the point of no return.

No positions in stocks mentioned.

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