Daily Market Commentary for December 7, 2009

Government Bailout

President Obama's administration announced today that they are expecting to reduce the estimated cost of the Troubled Asset Relief Program; a program funded by the government bailout, by $200 billion, the administration estimated the costs of the TARP program would reach $341 billion. (Read more at Millennium-Traders.Com)

Economic data released today:

Consumer Credit:
U.S. October Consumer Credit Decreased $3.5B; September Consumer Credit Revised to down $8.8B from down $14.8B; U.S. October Consumer Credit Falls Ninth Month in a Row.