anyone ?
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when will they decide on tarp money for big 3 auto's ?
- Thread starter midniteeuropa
- Start date
any idea on when announcement will be made if at all ?
can it happen today ?
can it happen today ?
Quote from papasucre:
After the Republicans cover their shorts.
I'm sure some sort of bailout will occur, just a matter of the Dems and Repub's agreeeing on the language/terms. Bad news if you're long is the bailout has been priced in, it's not going to save a losing trade at this point.
No clue, Bush has stated that they would step in if needed, but you'd think they would try to let the senate give it a go before they randomly toss money out at GM and Chrysler. I'd bet that they see money from the senate first before seeingn money from TARP. Which isn't neccessarily a bad thing (long term) because at least the senate agreement would have some concessions that the big 3 have to follow before the money is released. TARP money is a blank cheque with no strings, bad news long term if you're an American taxpayer.
Quote from Landis82:
What does this have to do with TRADING???
C'mon... you should know better.
A lot of shorts positioned themselves for more downside over the last few days. If we see some sort of auto-bailout, these markets will temporarily surge. Another quick 1000 point pop (and eventual drop) is possible given another "confidence" boost by the treasury.
Volatility is a gift and this potential bailout will move the market significantly IMO.
Mike
Quote from Mike805:
C'mon... you should know better.
A lot of shorts positioned themselves for more downside over the last few days. If we see some sort of auto-bailout, these markets will temporarily surge. Another quick 1000 point pop (and eventual drop) is possible given another "confidence" boost by the treasury.
Volatility is a gift and this potential bailout will move the market significantly IMO.
Mike
Hmmmm...
Let's see, there is absolutely no confirmed "bail-out" of the automakers as of 11:10AM EST and yet the SPY's just traded all the way back to 87.79 which is a couple of pennies from the "unchanged" level.
That doesn't seem to "fit" with the logic that you presented in your post above.