October 03, 2008
– Comments (6)
What if they passed a bailout and the market didn't care? What if the market was happier before the bailout passed?
Selling the news, I guess.
Just what I was thinking. Don't pass, stocks fall a lot, Pass, stocks fall just a little.
Will someone just tell us what the market wants so it will go up?!
gee did anyone forget to say we are in a depression don't look at the markets for the answer they are liers look on the street and in the job market and so on
Maybe between Monday and now the market figured out that if banks won't lend the Fed's money, they might not lend Treasury's either.
Of course, the Feds screw me again. I closed my shorts and sold my puts ahead of the TARP, expecting it would pass last Monday. a "done deal" they said. Naked long, I had no choice but to hold, and not sell into weakness. I was waiting for a bit more of a rally before i re hedged. I thought it would weaken the dollar and boost energy stocks, which it did until the bill. Lesson learned. Rallies are to be sold. Always. I still see danger.