Markets are down across the board this morning as the financial world waits with bated breathe to hear the outcome of the US House of Representatives’ vote on a revised bailout bill – widely expected to take place this Friday.
For what it’s worth, Bank of America’s Jeffrey Rosenberg seems to think it may already have happened. No word on the outcome though:
The House moves to vote next, and it is possible a vote may have occurred as early as Thursday night. Market expectations have shifted toward passage given the changes made in the Senate version.