DJI: 400 points in less than 2 hours!
Posted by themarketanalyst on September 18, 2008
What a rally! The announcement of a government plan to create a company to buy bad debt from the financial entities made investors happy. Apparently this type of solution has been created before in previous crisis. Why has it not been mentioned before as a possible solution? More details are definitely needed but in the meantime it’s best to stay at the sidelines from the market as we do not know what kind of “surprise” announcement could come next.
Just this morning there was coordinated liquidity injections valued at $180 billion from 6 central banks. The problem is that serious.
