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Monday, October 06, 2008

The bailout is not the new hotness

While the Dow is not the most instructive index when trying to get a grip on the markets as a whole, this is unmistakable. In the opening hour and a half of trading, it has plummeted 500 points and blown through the important psychological floor of 10,000. That tells me that the markets have little faith in the bailout plan that just passed. So what’s next Secretary Paulsen?


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