For once, Monday may not come fast enough for many investment professionals, with two major announcements set to be made over the weekend or at the latest, Monday morning. At the time of this post, the Senate is debating the Stimulus Bill to determine its passage. While there will be lots to debate going forward on the merits of the bill, the market seems set on the fact that something needs to be done. There is talk that a vote will be taken on the floor sometime between 5 and 7 p.m. ET; if this was not enough news for one weekend, we have Geithner’s bank rescue plan that will be released on Monday.
While there will be plenty of information to digest, the investors are wasting no time in moving the indices higher. Once we have both plans in front of us, we will be able to judge them more accurately, which may provide for a different market reaction next week.