Market Reaction after Congress Bailout Rejection

The most awaited 700bn$ financial bailout package approved by federal and US treasury on behest of US president George Bush. But somehow the bailout package did not entice US congress and other lawmakers, they totally rejected it. But somehow the global financial markets took this decision positively, with all the major financial markets rose dramatically after a previous day setback. So from the market behavior it is somewhat clear, that market makers or investors want to play a fair game on market and economic sentiments, rather than bailout relief which might give a short term relief from these crisis.

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Thanks&Regards,
Mohit