Well, Wall Street does not like the bank rescue/bail out plan today, 2/10/09. The Stock Market was down going into the Timothy Geithner speech but the Dow has fallen an extra 200 points after the speech. Was this speech a joke? Timothy Geithner had virtually no specifics of the bank plan.
Bank Stocks fall big:
Bank of America ( BAC ) - $5.85 Down 15%
Citigroup ( C ) - $3.55 Down 10.50%
Goldman Sachs ( GS ) - $90.65 Down 7.5%
Financial Bear 3X ( FAZ ) - $45.60 Up 15%
Gold $915 Up 22
Dow Jones - 7971 - Down 300
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free