US Shares Rise on Summers Withdrawal
Shares in the US and elsewhere are boosted by the news that former US Treasury Secretary Larry Summers has withdrawn his candidacy to be head of the US central bank.
And this headline in The Financial Post on August 23rd:
Microsoft shares surge after news CEO Steve Ballmer to step down
It’s almost like having the crowd cheer when the pitcher or goal-tender is pulled from the game after playing poorly. Humility must come hard to a wealthy and powerful man.