I hope the market improves, but I could understand it falling further after the “Bail out” passed.
yes, the markets are now on to estimating how deep the slowdown/recession will be, looking for signs to hope, or indications of continuing distress.
Yeah, what the heck? I thought that the bailout/rescue, whatever we call it, was supposed to support the market, help the banks lend money again, and put a floor under the market. I don’t know all the ins and outs, but I thought part of the reasoning was to keep the market from crashing. If the market keeps going down, people may well wonder if it was worth investing the $700 billion. Or wonder if the $700 billion will be a down payment on whatever comes next.
And hang on to your hat, and wallet, and go say some prayers, if President Obama is in charge when the next crisis comes along.
>> I hope the market improves, but I could understand it falling further after the “Bail out” passed.
Sure, there are many reasons for the market to do what it does in the short term. Or, no reason at all.
Still...
The driveby media (and more than a few FReepers) were hyperventilating last Monday about how the house NOT supporting the bailout “Vaporized One Point Three TRILLION!!! Dollars In Wealth I Hope All You Bailout Foes Are Pleased With Yourself”. Remember?
Now, that the bailout is passed and signed — that same 1.3 trillion in “wealth” still appears to be “vaporized”. Yet, not a word from bailout proponents about how the bailout might be responsible. Or at least an admission that blaming the big drop on Monday on the lack of a bailout was perhaps incorrect.
That strikes me as somewhat intellectually dishonest.