POLL: Massive rally if bailout plan unveiled?

[chewbacca]

i think it maybe the case because:

1 even the most pessimistic of loss estimates of 500 billion can easily be absorbed over 5 years. 200 billion is nothing in a 14 trillion dollar economy

2 when has irresponsible people ever been punished in america.....unless you're some kid in the ghetto with some weed

3 we've wasted 2 trillion to save iraq so why no waste 200 billion to save america?

4 bank of canada has eased and BOE and ECB may ease or at least signal easing bias

5 treasury yeilds near historic lows

6 employment numbers still fairly strong

 

[PAPA ROACH]

Knee jerk higher for sure. However, this bailout will not create a new round of growth, and the fallout from debt will continue for several more quarters before it finds anything resembling a bottom. So ultimately, this would provide the underlying support for the santa rally. I still hold firmly to the notion that January will be an ugly as sin month for the markets.

 

[kashirin]

we have earnings recession and possible economy recession

bailout might prevent a collapse but historical highs now with declining earnings?

And don't forget - dollar is not down in 4q yet so earnings will be even worse

where to rally?

 

[PAPA ROACH]

1530's is my target (ES)

 

[nkhoi]

it doesn't matter how much will the plan cost, as long as there will be no further suppise market will rally from there. If you'r afraid of how big it's going to be take a look at this number instead.
The War in Iraq Costs http://nationalpriorities.org/index.php?option=com_wrapper&Itemid=182