Sorry, but I missed doing an update this week. We had a huge rally, with the market showing gains every day, following through from the previous Friday. More bad news though on the unemployment front with over 500,000 new unemployment claims again this week. Not a happy thanksgiving for many people.
Here are a couple of news stories:
Bailouts hit $8.5 trillion
Fed adds $800bn to boost borrowing
Citigroup gets massive government bailout
U.S. Mortgage Rates Fall on $600 Billion Fed Plan
A Depression Coming? Not Likely
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