Sign of the Times: NASDAQ Starts Bailout Index

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According to USA TODAY, the NASDAQ started the Government Relief Stock Index, that tracks the performance of publicly traded companies that have accepted government bailout money, under the Troubled Asset Relief Program (TARP).

Currently index is comprised of 24 companies, but more will be added as additional companies accept TARP money from the Government.

Some of the companies in the index are GM, AIG, Bank Of America and Goldman Sachs.

The index began with a value of 1,000 on Monday and by the close of Wednesday the value was down to 945.28, or 5.47% in the 2 days since it was started.

Of course it would have been smart for someone over at NASDAQ to spend the $7 to register the domain bailoutindex.com, but Doug from Indiana invested the $14 at Godaddy and now owns the domain for two years.

I was asked last night on Webmaster Radio, on a show called Bloggers Soapbox, what 2009 held for the domain economy, I responded that I thought the general economy has a long way to go before it starts to recover.

Until the overall economy turns around, I expect PPC rates and payouts to continue to decline.

This bailout index is another indication that we are far from the bottom.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. Jamie says

    The term Bailout is HOT. My domain BailoutBill.com is in Escrow right now.. but if the law firm that is acting for it’s buyer doesn’t get things moving along… 🙂

    I don’t get why these companies don’t match their ideas with domain names. I just wrote about the new PoGo coming out.

    Thanks for the heads up Michael on bailout index.

  5. Steve M says

    … the gov says my bailout check is “in the mail” … so I’m soooo looking forward to joining all those other undeserving, pile-all-this-debt-on-the-backs of our kids … their kids … and the millions of US children yet to be born backs recipients in this wonderful new nasdaq index.

    Thanks a trillion … or two … or three … or …