It had been hoped that the Geitner plan would support a further rally in the stock market. In fact, he only spoke for half an hour. During that period the S & P 500 fell by 3.4 per cent. The market – and particularly the traders – was disappointed by his lack of detail. Some people expressed disappointment that he did not commit the new administration to drawing a line under the crisis. The new administration had allowed expectation of a New Deal to grow, and this was not a new deal…
February 13th, 2009 | William Rees-Mogg | 4 comments | Continued Our DR Global Editions: 
Sunday, November 22nd, 2009
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The Markets
All Ordinaries 4706.70 -61.10
S&p/asx 200 4685.80 -63.40
Sse Composite Ind 3308.35 -12.27
Crude Oil Dec 09 76.90 -0.56
Gold Nov 09 1146.40 +5.00
Nikkei 225 9497.68 -51.79
DJIA 10318.16 -14.28
S&P 500 1091.38 -3.52
Ftse 100 5251.41 -16.29
2009-11-20 00:47 Most Comments
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Don, they never paid back all the TARP. In fact, they never even mentioned TARP re-payments while they were dishing ...
Darren | 22Nov09 | More -
Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
Lachlan Scanlan | 21Nov09 | More -
there's some rumblings going on lads.
Check it:
http://www.marketwatch.com/story/ice-investigating-spike-in-dollar-index-futures-2009-11-20
;)
winkinatcha | 21Nov09 | More -
"Goldman also received $10 billion of capital from the U.S. government in October 2008, under the Troubled Asset Relief Program."
In ...
Don | 21Nov09 | More -
3m UST bills turn negative, again! Apparently, they did routinely during the Great Depression, though Bloomberg reports "Treasury bills turned ...
Justin | 21Nov09 | More -
Yeah Ned I think it was Wierd Al who wrote a song about Prozak and his dealings with Biker....
"I know ...
Lachlan Scanlan | 21Nov09 | More -
Ever watched a dead cat bounce?
Dan | 20Nov09 | More -
Hey Biker ... Where are you? DR's gotten a bit boring lately mate. Even Prozak seems to have lost a ...
Ned S | 20Nov09 | More -
Agreed my friend - In a sane world one doesn't have to be a "rocket scientist" to have a chat ...
Ned S | 20Nov09 | More -
Ned, just that point about the world thinking immorality pays off ... actually not really. Big business knows immorality causes ...
Dan | 20Nov09 | More
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Don, they never paid back all the TARP. In fact, they never even mentioned TARP re-payments while they were dishing ...
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