The bailout passed, and look at the good it did. The markets opened another 500 pints loawer, and continued to take a nose dive.
Is there something I have missed? Wasn't the bailout supposed to shore up the economy and restore market stabililty? Forgive me if I am skeptical, but so far I can see a return to 1987 levels for the Dow. In fact I have been saying the market would make a major correction for the last couple of years.
Sadly, we are approaching the 9500 level I thought we would floor at. however, it looks like confidience is shrinking with each day.
Which returns me to the question... when is all of this market confidence suppoed to be restored, anyway?