Auto BailOut Plan Insufficient To Keep Dow Up

A stronger than expected auto bailout plan, announced before the opening bell, provided a potent boost to the market on early trading, propelling the Dow into the green for most of the session.

However, hopes that Congress will release the rest of the TARP money before the end of the Bush presidency and Japanese strong action to inject liquidity in the market at the end proved insufficient to keep the Dow from closing down once again.

Assessment

Despite decisive action from governments, the market is still on distrust mode, with investors not taking any chances and cashing in on early gains.

Advertisements

0 Responses to “Auto BailOut Plan Insufficient To Keep Dow Up”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




December 2008
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031  
Add to Technorati Favorites

RSS BBC

RSS Highlights

  • An error has occurred; the feed is probably down. Try again later.

RSS Emarketer


%d bloggers like this: