It appears as though Pluggy Joe's recent comments about the economy may not have been what investors wanted to hear.

Shares of major metal manufacturers traded sharply lower Monday, a day after Vice President Joe Biden said the White House “misread” the economy, prompting concerns that an economic recovery could be slower than expected.

...

During the second quarter, commodity prices “went through the roof,” and investors snapped up metal makers stocks on word that the economy was “less bad” than before, he said.

But, now, the market has switched its thinking amid broader concerns about the economy, he said.

Yup. Stick to asking the crippled to walk, Joe.

****CRITICAL, MASSIVE IMPORTANT TO ELEVENTY UPDATE! Rick Santelli lays into Pluggy Joe this morning.****

Posted by: eddiebear at 08:25 AM | No Comments | Add Comment
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