CNBC’s Charlie Gasperino reports that a number of big shots at hedge funds and private equity firms were so spooked by the lack of detail in the Geithner plan that they gathered at Goldman on Tuesday to try and figure out what to do next. Confidence in Geithner is at a low ebb with his first major act in office going over like a lead balloon.
This argues for continued high levels of risk aversion and suggests the usual suspects will stay underpinned: USD, JPY and CHF.
UPDATE: Goldman says the meeting was set up weeks in advance and was not a reaction to the Geithner plan.
