{"id":943,"date":"2008-12-08T15:40:19","date_gmt":"2008-12-08T15:40:19","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/?p=943"},"modified":"2008-12-08T15:40:19","modified_gmt":"2008-12-08T15:40:19","slug":"auto-bailout-creates-uplift-in-mondays-stock-market","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/auto-bailout-creates-uplift-in-mondays-stock-market\/","title":{"rendered":"Auto Bailout Creates Uplift in Monday&#8217;s Stock Market"},"content":{"rendered":"<p><strong><a href=\"http:\/\/inspiredeconom.wpengine.com\/wp-content\/uploads\/2008\/12\/car.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-944\" style=\"float: left;margin: 5px;border: black 5px solid\" src=\"http:\/\/inspiredeconomist.com\/files\/2008\/12\/car-300x199.jpg\" alt=\"Ford\" width=\"300\" height=\"199\" srcset=\"https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car-300x199.jpg 300w, https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car-1024x680.jpg 1024w, https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>Although many valid arguments have been put forth that the <a href=\"http:\/\/inspiredeconomist.com\/2008\/10\/08\/taxpayer-bailouts-the-lie-you-need-to-know\/\" target=\"_blank\">bailout <\/a>of US automakers is not a positive move &#8211; Wall Street appears to think otherwise.\u00a0\u00a0 Today&#8217;s stock market is showing an early rally with all major indices up. <\/strong><\/p>\n<p>From <a href=\"http:\/\/money.cnn.com\/2008\/12\/08\/markets\/stockswatch\/index.htm\" target=\"_blank\" rel=\"noopener\">CNNMoney.com<\/a>: &#8220;<em>The market now is rallying on hopes that we can begin to\u00a0<\/em><em>stave off massive layoffs in the auto industry,&#8221; said Peter Cardillo, analyst for Avalon Partners.<\/em><\/p>\n<p><a href=\"http:\/\/www.marketwatch.com\/news\/story\/Shares-Europe-climb-banks-oil\/story.aspx?guid=%7BB5407DE6%2DD661%2D4B5C%2DAD6D%2DCEB23C37099C%7D\" target=\"_blank\" rel=\"noopener\">European shares<\/a> also rose, the pan-European Dow Jones Stoxx 600 index (<a class=\"lk001\" href=\"http:\/\/www.marketwatch.com\/quotes\/st\/sxxp\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000cc\">ST:SXXP<\/span><\/a>: <a class=\"lk001\" href=\"http:\/\/www.marketwatch.com\/tools\/quotes\/news.asp?symb=ST:SXXP&amp;dist=mktwstorynews\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000cc\">news<\/span><\/a>, <a class=\"lk001\" href=\"http:\/\/www.marketwatch.com\/tools\/quotes\/intchart.asp?symb=ST:SXXP&amp;dist=mktwstorychart\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000cc\">chart<\/span><\/a>, <a class=\"lk001\" href=\"http:\/\/www.marketwatch.com\/tools\/quotes\/profile.asp?symb=ST:SXXP&amp;dist=mktwstoryprofile\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000cc\">profile<\/span><\/a>)\u00a0showed 5.1% growth\u00a0to 199.59, but this is still\u00a0more than 45% lower than its position at this time in 2007.\u00a0 \u00a0<\/p>\n<p><!--more--><\/p>\n<p>Some are hoping that this rally signifies that the end has been reached, and long term positive growth is beginning. According to President Elect <a href=\"http:\/\/inspiredeconomist.com\/2008\/11\/13\/can-obama-live-up-to-his-green-promises-in-an-increasingly-worse-economy\/\">Obama<\/a> however, things will get worse before they get better.\u00a0 At least we are avoiding massive auto industry layoffs which could have triggered a continued downward slide.\u00a0<\/p>\n<p>I just wish Detroit had heeded the call for innovation earlier, and was one of the shining examples of positive growth instead of one of the casualties of this market.\u00a0<\/p>\n<p>[Photo Credit: <a href=\"http:\/\/z.about.com\/d\/cars\" target=\"_blank\" rel=\"noopener\">http:\/\/z.about.com\/d\/cars<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although many valid arguments have been put forth that the bailout of US automakers is not a positive move &#8211; Wall Street appears to think otherwise.   Today&#8217;s stock market is showing an early rally with all major indices up. <\/p>\n","protected":false},"author":9,"featured_media":944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[30,32],"tags":[117,296,658,1144,1208,2719,3066,3958,4497],"adace-sponsor":[],"spectra_custom_meta":{"_edit_last":["9"],"social_buttons":["reddit,stumbleupon,digg"],"tweet_this_url":["http:\/\/digg.com\/u1QysZ"],"dsq_thread_id":["207153513"],"_thumbnail_id":["944"],"_jetpack_related_posts_cache":["a:1:{s:32:\"37550b67d263a3ce789993dc25046c5f\";a:2:{s:7:\"expires\";i:1694435781;s:7:\"payload\";a:0:{}}}"],"_uag_page_assets":["a:9:{s:3:\"css\";s:263:\".uag-blocks-common-selector{z-index:var(--z-index-desktop) !important}@media (max-width: 976px){.uag-blocks-common-selector{z-index:var(--z-index-tablet) !important}}@media (max-width: 767px){.uag-blocks-common-selector{z-index:var(--z-index-mobile) !important}}\n\";s:2:\"js\";s:0:\"\";s:18:\"current_block_list\";a:2:{i:0;s:14:\"core\/paragraph\";i:1;s:10:\"core\/image\";}s:8:\"uag_flag\";b:0;s:11:\"uag_version\";i:1713657651;s:6:\"gfonts\";a:0:{}s:10:\"gfonts_url\";s:0:\"\";s:12:\"gfonts_files\";a:0:{}s:14:\"uag_faq_layout\";b:0;}"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"]},"uagb_featured_image_src":{"full":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",1280,851,false],"thumbnail":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car-150x150.jpg",150,150,true],"medium":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car-300x199.jpg",300,199,true],"medium_large":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",768,511,false],"large":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car-1024x680.jpg",1024,680,true],"1536x1536":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",1280,851,false],"2048x2048":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",1280,851,false],"adace-sponsor":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",72,48,false],"adace-sponsor-2x":["https:\/\/inspiredeconomist.com\/wp-content\/uploads\/2008\/12\/car.jpg",144,96,false]},"uagb_author_info":{"display_name":"Brenda Keener","author_link":"https:\/\/inspiredeconomist.com\/author\/brendakeen\/"},"uagb_comment_info":0,"uagb_excerpt":"Although many valid arguments have been put forth that the bailout of US automakers is not a positive move - Wall Street appears to think otherwise. Today's stock market is showing an early rally with all major indices up.","_links":{"self":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/943"}],"collection":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/comments?post=943"}],"version-history":[{"count":0,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/posts\/943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media\/944"}],"wp:attachment":[{"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/media?parent=943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/categories?post=943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/tags?post=943"},{"taxonomy":"adace-sponsor","embeddable":true,"href":"https:\/\/inspiredeconomist.com\/wp-json\/wp\/v2\/adace-sponsor?post=943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}