Archive for the ‘bailout’ tag
Big Rally Monday
If we learn anything from days like today, it’s that the market is fickle:
Source: Google Finance
Short-term investing in the stock market is a legal form of gambling - the market is simply too prone to wild swings like those from last week until today. Â We saw some spectacular gains today, but it is easy to [...]
$700 Billion Bailout Passes Congress
Second time is a charm, they say. The big news is that the House, two days after the Senate, finally passed the bailout bill. You can read more about it at the WSJ and the NYTimes.
According to the Journal:
The 263-171 vote was a reversal from Monday, when House lawmakers shocked investors and their own leaders [...]
Dow Jones Drops 780 Points
We seem to be making history on a daily basis. It’s just not the type of history we’d like to be making.
The New York Times has a synopsis of today’s events:
In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion [...]
