The Biggest Bailout News Is Swept Under The Carpet. FRE, FNM, GMAC and AIG Could Hit $1 Trillion.
In quiet trading, the market is making a new high for 2009. Seasonal strength is offsetting any weak news. GDP and durable goods orders both came in lighter than expected last week. This morning, a botched terrorist attack on a Northwest flight from Amsterdam to Detroit did not rekindle fear. Airport security and a multitude of other security measures failed to prevent the incident and if not for a failed detonator, 300 people would've lost their lives. MasterCard showed that retail sales increased 3.4% from November 1 through Christmas. That piece of news along with better than expected Japanese factory output …
December 28, 2009
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