Tuesday, September 30, 2008

Crisis, Bailout and Market

I am surprised to see the market go up today. Sometimes i feel i understand the system but sometimes i don't. Now if the market could go up today, just a day after the bailout planned was rejected by the Congress, why do you need a bailout plan. Personally i was thinking that the market would sink further. That would have made sense because i was under the impression that may be the government want it to fall so that they can buy cheap. Glad that the Indian market was closed yesterday else it would have had a catastrophic fall.