Recent stock market rally fizzles out

[Merl Haggard]

Wall Street Set to Sink after Bailout Failure

12th Dec 2008

US stock index futures pointed to a lower opening for Wall Street as a plan to pour $14 billion into the cash-strapped auto industry failed in
the Senate, leaving the White House searching for a solution.

Asian stocks plummeted, with the Nikkei closing down more than 5.5 percent, while European markets were deep in the red in morning trading.

More bad news about the banking sector also hit the market from both sides of the Atlantic.


NBC

 

[pia]

Enjoy the roller coaster ride... and make some money while u're on it.

Good luck!

 

[zhihau]

Wall Street Set to Sink after Bailout Failure

i don't understand... :(

somehow i think bro trout's video recommendation earlier had an impact on me. are we creating too many products that no body wants?

if so, why are we continuing to churn out products that no body wants and exhausting the raw materials like no body's business?

 

[madmansg]

if you really understand macro economics , you will understand better buy stocks cause that is where the money is as it is flowing from your bank account into stocks.

 

[po2wq]

wil go down after bailout failure ...

wil go up again wen new bailout plan is approved ...

wil go down again due 2 recession concerns ...

sum other ting wil make it go up again ...

wil go down again due 2 recession concerns ...

...

 

[dysentry]

the year-end rally is well on its way, probably will last till Feb '09, will take profits and run when Dow reaches 10,000.

 

[soikee]

the year-end rally is well on its way, probably will last till Feb '09, will take profits and run when Dow reaches 10,000.

Fat hope! If Dow can touch 10,000 by Feb 09, I wouldn't visit this forum ever again!