Friday, March 27, 2009

Roller Coaster Ride

This week was a roller coaster ride in the markets as they improved after the announcement by the government that they would buy back abou $500b in bad loans to improve balance sheets. Then the market dropped after everyone's excitement died down. Another jump came when the treasury secretary announced more details in the finance package to help stimulate the economy. The market cooled a bit after the excitement died down (again). There was also a slight jump after the President's press conference and town hall meetings where he explained his stance on how to fix the current economic crisis.

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