Stocks did indeed rally. The Dow rose 497 points…putting some bounce back in the bounce. We’ve been expecting a healthy rebound. Normally, after such a long and steep sell-off, you can expect a rebound that recovers 30%-50% of the losses. We have not had such a rebound…yet. Maybe this is it.
March 25th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "AIG executives"
Geithner and His Toxic Asset Bailout Plan
Here we go again. Maybe this will be the week that historians look back on and say, “That’s when it all started to get better. Geithner came out with his toxic asset bailout plan. China stimulated. Stock markets bottomed. The crisis ended and the world got better and better forever and ever.”
March 23rd, 2009 | Dan Denning | 5 comments | Continued