Two weeks ago Bush was pleading that Congress pass the Bail Out and the Bail out had not positive impact on the market.
The people pushing the Bail Out claimed the DOW would drop to 8500 if it did not pass.
It passed and we will hit 8500
I don’t believe a single dollar of that $700 billion has been utilized yet. They had hoped the $700 billion would have been implemented by now. Whose to say it absolutely wouldn’t have helped? I honestly don’t know, even though a lot of others seem to. It took them a full week to get that $700 billion approved.