Search This Blog

Monday, September 29, 2008

Not Inspiring

Investors are not placing confidence in the bail out plan passing Congress and the Senate.

Congress is expected to vote on it today, the Senate on Wednesday.

Breibart.com: Stocks head for lower open ahead of bailout vote
Financial markets headed for another difficult session Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies. Stock futures fell sharply as investors feared the measure won't pass and that credit markets will remain nearly frozen.

Demand for safe-haven buying in government debt remained high ahead of the vote.

No comments: