U.S. Bailout Plan Vote Fails!

Posted on September 29, 2008

stock <a href='https://schoolofeconomy.com/invest/2024/09/28/investing-with-purpose-the-power-of-socially-responsible-investing' target='_blank' rel='follow'>market</a> chaos” /></p><p>The U.S. Bailout plan vote failed! Stocks are down 500 points on failed vote in the House of Representatives.</p><p>Dow down 221<br /> Nasdaq down 90<br /> S & P down 42<br /> Oil -$7.55</p><p>EUR/USD – 1.449</p><p>I’ll keep you all updated on the latest.</p><p><strong>UPDATE: Vote remains open, so at this point votes can change. Let’s just put it this way, the markets did NOT react nicely to the outcome. </strong></p><p><u>Implications of a permanent Nay vote:</u></p><p>– Stocks will fall from one global center to the next<br /> – Flight into Gold<br /> – Flight into T-billls<br /> – Sell Risk Aversion Trades (Yen crosses, emerging markets)<br /> – US dollar move is unknown as risks continue globally<br /> – Fed/Central Banks will need to pump liquidity in the market<br /> – Look for the next potential bank failure from anywhere in the world<br /> – Recession getting worse<br /> – ECB has to make a call soon.</p><div class='heateorSssClear'></div><div class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='http://alansmoneyblog.com/2008/09/29/us-bailout-plan-vote-fails/'><div class='heateor_sss_sharing_title' style=Spread the love

Social signals can positively impact local seo. Innovation spotlights : revolutionary card game podcasts.