The markets around the world have gone dramatically up today and Friday on news that the U.S Gov. will continue to bail out distressed financial institutions (ie Citibank) and will consider bailing out non-financial institutions (ie Ford and GM). Needless to say, the Gov. doesn’t really have this money to lend, so it’s raising same by issuing treasury bonds, which puts the U.S. more in debt and transfers the debt to future generations to deal with. So where does it all end? Shouldn’t the market go up only with positive economic news (of which there is zilch)? Where do you see this all ending? Can the Gov. just simply continue to print money, or are there dire consequences down the road?
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Has the stock market in the last two trading days made any sense?
Don't really care 5:08 pm on February 9, 2010
I don’t have any stocks so the stock market is doing just fine.