Not So Bloody Monday

Posted: March 17, 2008 in Technology and Business
The Bear Stearns news this weekend could not have been worse. 
 
Bear Stearns, one of the big banks, collapsed on Sunday. 
 
Even with the Fed springing into action, international markets were all getting crushed, some down 4% or more. 
 
U.S. Futures were all pointing to our markets getting crushed, too:  It should have been Bloody Monday.
 
But it wasn’t.
 
Nasdaq took a pop to the chin, but the Dow actually finished up.
 
While economic life will continue to be challenging in the short-run, this is just another data point suggesting the market may have most of the bad news factored in already.
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