Rate cuts, bailouts and Bears… Oh my

- October 9th, 2008

Uranium Investing News & U3O8.biz reports bailout package for the distressed banks sent the stocks on a wild ride for UK, Canada and the US, cutting interest rates. North American markets behaved like bipolar patients fresh out of mood stabilizers; Toronto’s S&P/TSX composite opened down more than 300 points, quickly rallied to get more than 200 points … Continued

Uranium Investing News & U3O8.biz reports bailout package for the distressed banks sent the stocks on a wild ride for UK, Canada and the US, cutting interest rates.

North American markets behaved like bipolar patients fresh out of mood stabilizers; Toronto’s S&P/TSX composite opened down more than 300 points, quickly rallied to get more than 200 points back, then lost some 250 points, then gained… well, you get the idea. It was a wild ride. The main Toronto board finally closed 224.46 higher, having gained some 2 per cent to break the 10,000-point mark. CBC News reported the index, which fell below 10,000 on Monday for the first time since 2005, has shed some 3,200 points since Labour Day, nearly 25 per cent.

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