Aftermath of the failed bailout

Some of the latest headlines following the biggest one day drop ever for the Dow and the TSX:

Stocks snap back after Monday’s selloff

Bush, candidates urge Congress to support bailout

16 bargain stocks to buy before the bailout 

Bank of Canada injects cash to thaw frozen credit

Interest rates cut

A day after the biggest one day drop in nearly seven years on the TSX, interest rates have been cut in both the U.S. and Canada. The interest rate cut was an unexpected move on the part of the Fed, in the hope that a 75 basis point drop might stave off a sharp decline in coming off the Martin Luther King Jr. holiday, but U.S. shares still declined. Some related headlines:

Canadian stocks rebound, U.S. slides

Did Greenspan sell out investors?

Loonie rises after Bank of Canada rate cut