Wow, that’s a nearly 450 point swing.Very surprising to see the bailout pass, and get signed into law, and then see the market fade.
Once again, I have to say — I hate to read too much into intra-day action, as its mostly noise, but this is not a positive development . . .
We’ve discussed this extensively over the past few weeks, but its now on the front page of the NYTimes: “Many events in Washington, on Wall Street and elsewhere around the country have led to what has been called the most serious financial crisis since the 1930s. But decisions made at a brief meeting on April…Read More
Just got home from the conference with Nouriel Roubini et. al.
Mad props to Marketbeat for live blogging the entire session (after the jump).
This was a dry run for the next version, which might be 4 people (any names you might like to see/hear? Use comments to suggest others).