Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

House Passes Bailout Bill

3 Oct 2008Deepak Shenoy1 min read

Quick Facts

What is "House Passes Bailout Bill" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 3 October 2008.
How long does this article take to read?: 1 min read

The US House of Reps - the lower house - equivalent to our Lok Sabha - has passed the bailout bill.

The Dow is down to +99 from it’s high of some +240 today. This is basically buying rumour and selling news. Or there is something more sinister to it - just that shorting is not allowed so this has to be normal selling.

Now, we shall sit and watch how it unfolds. Let’s see who does get bailed out, who needs capital, and how Paulson trades in. This is going to be fun. I think I’d like to be short, if possible.