U.S. Bailout Plan Vote Fails!

Posted on September 29, 2008

stock <a href='https://softwarerevie.ws/?cat=21' target='_blank'>market</a> chaos” /></p><p>The U.S. Bailout plan vote failed! Stocks are down 500 <a href='https://www.napistart.com/csodbe-ment-a-romaero-roman-repulogepipari-vallalat' target='_blank'>points</a> 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

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