Market Drop due to Bailout Bill Failure
A severe drop of 7%, 777points is never seen before since the days of Sept 11, 2001. It is one of the biggest drop in history.
To access more news about the bailout, click here.
I did a chart on SIA, a counter that i have been monitoring. There seems like a high chance that it will rebound after hitting the support level. But in these times, you’d never know. (Pls, a disclaimer on this as well. It is my personal opinion only.)
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[...] $16. The support has been touched 3 times and it can be concluded as very firm. I have posted in a previous post when the bailout did not go through, that SIA might be testing this support level of $13.9. Charting it today shows how beautiful the [...]