Weekly Review and Outlook - Bailout Plan Approved but Investors Unconvinced, Risk Aversion Dominates
Action Insight Weekly Review and Outlook Bailout Plan Approved but Investors Unconvinced, Risk Aversion Dominates After a week of drama, the $700b bailout plan was finally approved by House on Friday. With Senate already approve the modified plan on Wednesday, US President Bush signed off the plan to ease the credit crunch that’s now “threatening” the US economy. However, the markets are rather not convinced that this is the solution. Dow ended up 7.3%% lower to close the week. The news was
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