Tuesday, September 30, 2008
roller coaster market.
In the past two days, we have had a crazy market. Yesterday we were down 771 points on the dow jones, 199.61 on Nasdaq and 106.62 on the S&P 500 index. All were historical drops. A lot of it had to do with the bailout plan getting rejected. Congress however today said that a bailout plan will eventually pass. That among other things gave the market confidence. The Dow was up 485, the Nasdaq was up 98.60 and the S&P 500 was up 58.35. Very interesting. I wonder what would happen if the bail out plain never happens. Would the market go in duress again, or would it rally as it did today without a plan? Only time will tell.
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