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Why The Bailout Won't Save Financials
Thursday October 2, 11:45 am ET
By Simon Maierhofer


The following article is an excerpt from ETFguide's ETF Profit Strategy Newsletter, a members only publication.

Until Wednesday evening, coming to a bailout agreement has been as elusive as catching ice cubes in hot water. The question is will the 'mother of all bailouts' be able to buoy the equity markets represented foremost by the S&P 500 (AMEX: SPY - News) and Dow Jones (AMEX: DIA - News)? The $700 billion bailout (if approved by the House Of Representatives) won't be more than a drop of water on a hot stone.

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*As a personal note: I am not trying to be argumentative nor am I trying to steer the topic off subject. I, like many other people, am trying to sort through the mass amount of information that is on the internet for this particular topic. I furthermore recognize the fact that a great deal of people here are not lawyers, attorneys, nor are they attempting to practice law. *