Up until the bailout vote, stocks were plunging.
The bailout looked sure to pass.
The bailout vote fails.
The next day stocks rise.
They are said (saw the headline on bloomberg.com)to be rising because there was hope the bailout plan that saw stocks tanking in anticipation of it passing would be resubmitted.
Now, the voice of humility claims no special knowledge and his life's financial success is reason enough for him to continue in the modesty he is so justly proud of. Still, something here does not seem to follow. We are grateful to anyone who can set us straight.
Also, Upon the demise of the proposed legislation, the Fed injected 600+ Billion to little comment in our free press, the tribunes of the people. What's up with that.
Actually, I've found someone to instruct me in the intricacies of current financial news. Darn the Brits. I don't think anyone in this country could have done this. Maybe Colbert, but I doubt it.
Hat tip to the Ambler.