Stock market 2

Tyra Monger
12/11/08
Business Economics

Current Event

This week I read about stocks and bonds. The article was written on the New York Times. It was written By Michael M. Grynbaum at 11:00 on December 10, 2008. Treasury bonds still stayed to the lowest numbers for both short- and long-term notes. The Treasury had a 10-year bill that gained to 2.68 percent. On Tuesday it was up from 2.64 and that moved it opposite from the yield. Investors “snapped” $30 billion of four-week bonds for zero-percent. They guaranteed that there would be absolutely no return on their money. Energy stocks had the highest gains. Chevron gained 3.8 percent and Exxon Mobil went up 2.4 percent. Democrats and Bush are trying to agree to extend the $14 billion in loans to General Motors and Crysler, the two biggest auto making companies.

I think we are in huge trouble and are going to get out of this in like 2009. Or even 2010. It is going to be hard to get all of that money back up

http://www.nytimes.com/2008/12/11/business/11markets.html?_r=1&scp=3&sq=stocks&st=cse