Breaking News Dow down 600 points
 

The House rejected the bailout

http://www.huffingtonpost.com/

I don't read Huffington but IMHO if Pelosi would have keep her foot out of her mouth it would have passed. No wonder women can't get ahead when someone like her is out there.

This is so silly....It didn't pass because the Repub free market..no regulation gang wouldn't vote for it. Bush can't strong arm them anymore. It's Bush's problem and the Dems won't let it pass because the polls say the people are against it.

So it is politics as usual on the Hill....I off to drain my saving account so that I have so money when this sucker goes down.

Thank God I have some savings to pay with.

I was making lunch for my husband when they broadcasted her comments and I thought immediately, "that should create a huge firestorm". How much intelligence does it take to know how this situation requires a huge reach across the aisle and she's making her posturing, idiot statements. Who is she trying to kid? She is a one big ole slice of the whole problem in the first place. Gotta run, she's about to share her wisdom with us again, riiiggghtttt!

The market is rebounding. I wouldn't watch it hour to hour. The market always reacts to uncertainty and that is what we have had for days with our government running around telling everyone the sky is falling.

Let the markets work and fire Paulson, then get to prosecuting the Dems. Shame on them for pointing their knarly fingers every which way but at themselves. They will have to find some new ficticious bullies besides Wall Street and oil companies.

it "rebounded" down 777 points!

Keep your shirt on. It will rebound. But these fools in Washington need to let the market work itself out like it always does. This was not the sky falling on Wall Street. It is the uncertainty injected by these idiots. A 7% drop is amazingly low given all the hysteria they have created. October 19, 1987, the market fell 25%.

Dude!
 

Wow, TallerTrees, I want some of what you're smoking! :MOJE_whot:

That's just reality, as opposed to being high on fantasies.

The market goes up - then down - then up - then down. The more it goes up due to credit-based transactions, the less the dollar is worth, so any "gain" is phony anyway.

People look at the stock market as a way to make money without labor. That's gambling! Sometimes you win, more often you lose. If you are lucky, you end up breaking even in comparison to the good old-fashioned savings account.

It was not that long ago (July 22, 2002) when the market dipped to 7,784 due to the dot.com bubble-burst. The dot.com's were bad investments, just like packaged sub-prime mortgages. Stuff happens and we're still here. The economy rebounded without any bailouts to the dot.coms, and the sun still came up over the Eastern horizon.

Why the doom and gloom? A DJIA of 10,365 (today's closing number) is still a long way from 7,784. The glass is nowhere near 1/2 empty.

Itsa river in Africa called denial

Jim Kramer was talkin 8200 tonite...

Impact
 

OK, I'm Jim Smith from Somewhere in Northern USA. I've worked 34 years in my own business servicing freezefrugelers... quite successfully. For the past 4 years my wife and I have been planning on retiring to The Villages. She's 60 and I'm 62. I have hypertension and have had prostate cancer. They tell me I'm cancer free. She's pretty healthy and we have our health insurance through a local HMO which doesn't exist in Florida. In the past 2 years our home (it's paid off) dropped in value from 225,000 to 180,000 and our sole source of retirement, our 401-K has dropped from 500,000 to under 400,000. The experts tell us it'll bounce back. I can't get health insurance because I have a "pre-existing condition". Our assets are down over 20%. I feel I've done everything right for the past 34 years and we'd love to live in The Villages. Can we pull it off ? (I wonder how many people in the USA are in this boat? These are pretty good assets yet things seem too gloomy and frightening to move). What would you do?)

Can you overdose on Raisin Bran?
 

Dow down 778 points, my income down 15% per month and these clowns in Washington still playing games.

Lets get the names of those members of the house who voted against the " Rescue package" and send them home.

I can't sleep, to expensive to drive and as a single guy can not find someone to take me out to dinner.

Think I will pour myself another bowl of Raisin Bran.

AJ, if we send home the ones that voted against the rescue AND the ones that voted for the rescue, we'll probably all sleep a lot better. ;)

malpractice
 

WOW! The news pundits on EVERY news channel this AM emphatically stated that House Speaker committed malpractice with her lunatic speech yesterday. Even the liberal channels were appalled.