Posts Tagged ‘senate’

Another Bailout Bill Another Selloff

Tuesday, February 10, 2009 16:18 2 Comments

The $838 billion bailout out bill dujour won approval in the Senate by a vote of 61-37. The market reacted  in the same way as the passage of previous bailout bills – It sold off.
Why does this happen? The media is mostly to blame. They are constantly peddling false optimism while setting their viewers sites [...]

This was posted under category: Bailout, GLD, Gold, Politics, S&P 500 Index, Special Reports, Stock Market, Technical Analysis, VIX Tags: , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.