Bailout Bounces Just Aren’t What They Used to Be

Is it just me, or does it feel like the market bounce after each Treasury/Fed save of the U.S. economy is getting shorter? Way back last fall we were able to get three months out of that post-save bounce, and we got two months out of Bear Stearn’s rescue. Now, however, it feels like the wheels have already come off the Freddie/Fannie bailout bounce.

Bailouts just aren’t what they used to be.