The End Of The Slump? Or Not?

CIT Group Inc.’s (NYSE: CIT) bankruptcy announcement on Sunday made markets dip lower than usual and sent the dollar higher, in order to reduce risk. CIT’s bankruptcy filing, the largest in American corporate history, made market goers believe what the Federal Open Market Committee may state about higher interest rates in the year to come.

Any decrease in liquidity provision by the state could ruin stock prices, state Wall Street market analysts. Other indicators of a further economic slump, rather than a recovery, include – an unemployment rate of 9.9%, compared to 9.8% in September, a wind down of the third-quarter earnings season, and a positive outlook from Ford about better net earnings.