Did the stock and money market rebound on the news that the bailout HADN’T happened?
April 1st, 2010 | by Rarzi |The bailout will be a disaster, for us and the whole world, because of inflation and further destabilizing our currency which is still used the world over (don’t ask me why – it’s nearly worthless).
The market immediately picked up when the failure of the vote was announced!
Is this further indication that it shouldn’t happen?
2 Responses to “Did the stock and money market rebound on the news that the bailout HADN’T happened?”
By m1a1mikegolf on Apr 1, 2010 | Reply
I would not consider the loss of 1.7 trillion dollars in stock value in less than half of one day as a ‘rebound.’
By Chinese Swede - let God be God on Apr 1, 2010 | Reply
The Tuesday morning rebound from Monday’s massive drop is most likely the market correcting itself. Other possibilities include value investors coming in or those that have shorted the stock coming in and buying stock to cover their positions.