Dow Market October 20 10AM Pacific
Well, in terms of the way the stock market has been lately, it seems like this may be easing up, but I wouldn’t be so quick to say that this whole economic situation our country has been going through is just a little natural hiccup.
We’re up about 180 points at the moment, but who knows what will happen when the market closes. The credit market situation is said to be getting a little better… but if notice a lot of articles about our current economic situation online, there are the words “recession” sprinkled throughout these articles.
Let’s see what happens.
Investors also received a bit more detail about how Treasury Secretary Henry Paulson plans to roll out a $250 billion plan to recapitalize banks. Paulson said the government will own shares in the banks that should be paid back with a reasonable return, and expects that the investment will eventually make money.
Meanwhile, there was some optimistic data that showed the economy’s health improved for the first time in five months in September as supplier deliveries and new orders strengthened, a private research group said Monday. The New York-based Conference Board said its monthly forecast of future economic activity rose 0.3 percent, a much better reading than the 0.2 percent drop expected by Wall Street economists surveyed by Thomson/IFR.
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