Global economic crisis

[RL3AO]

Only 27% of those in a tight battle for re-election voted for the bill. And most (90%) of those not running for relection voted for it. I guess for once the people might actually get their way as most people are against it.

[Matt-hurricanewatcher]

Thank god this piece of trash failed...Also, this drop in percentage was not even as big as 1987, I believe. This is not 1929 people....

I don't expect it to drop more then 200 points tomarrow...If that...It would not suprize if it went up. The hype is making me sick.

[Cryomaniac]

I would say a lot depends on what Asian and European markets do. A lot of Asian investors could get rid of US shares and start a panic.

[Brent]

Historically the day after a big drop the market rallies... either way I don't expect another drop of this scale tomorrow but I guess you never know. I definitely don't think the market has hit rock bottom though, even if it makes a short-term recovery.

[Matt-hurricanewatcher]

Asia markets are from 2-5 percent down. Not as bad as they where yesterday that some where over 8+ percent. Maybe leveling out.

[Matt-hurricanewatcher]

http://finance.yahoo.com/intlindices?e=asia

Here is the link to asian markets

[gtalum]

The US Dollar actually rose in value vs the Euro today. Dow futures are up right now too. Hopefully this will level out tomorrow.

[Matt-hurricanewatcher]

Asian markets are up from a few hours. Hong sang or something like that has went up 300 points. So maybe the worst is behind us.

[Cyclenall]

I'm glad that bailout failed as well...for American taxpayer's sake. I hope it never goes through.

[Cryomaniac]

The US Dollar actually rose in value vs the Euro today. Dow futures are up right now too. Hopefully this will level out tomorrow.

I doubt they'll be a 777 point rise, but there should be a rally.

[Matt-hurricanewatcher]

The US Dollar actually rose in value vs the Euro today. Dow futures are up right now too. Hopefully this will level out tomorrow.

I doubt they'll be a 777 point rise, but there should be a rally.

I agree...I believe there will be a big rally today. I'm thinking that the DJ will rise about 300 points today.

[gtalum]

The futures are already up 180. SHoul dbe a decent day.

The only big fallout from yesterday's bailout failure is that the LIBOR rate is up to record levels, at 6.88%. It sat at 2.95% last week. LIBOR is the rate that banks charge to lend each other money in the short term. In a nutshell this means that the credit market is extremely tight right now. I suspect this will loosen a bit as the dust settles.

[Ed Mahmoud]

Only 27% of those in a tight battle for re-election voted for the bill. And most (90%) of those not running for relection voted for it. I guess for once the people might actually get their way as most people are against it.

The entire House is up for election in November. Every two years.

[Chacor]

Dow is up about 200 points in the first 10 minutes.

[RL3AO]

Only 27% of those in a tight battle for re-election voted for the bill. And most (90%) of those not running for relection voted for it. I guess for once the people might actually get their way as most people are against it.

The entire House is up for election in November. Every two years.

Duh. I guess I should have said those who are retiring after this term voted over 9 to 1 for it.

[Brent]

DOW
10736.77
371.32
+3.58%
NASDAQ
2062.88
79.15
+3.99%
S&P 500
1155.0
48.61
+4.39%

[Brent]

DOW
10850.26
484.81
+4.68%

3rd biggest one-day point gain.

[Matt-hurricanewatcher]

I knew this would happen. Even a little higher then I thought. I don't trust this government and think they are trying to take us, I believe they should all go to freaking JAIL!!! I'm pissed.

[Brent]

Senate is going to vote on a slightly revised version of the bill after sundown tomorrow night...

[Matt-hurricanewatcher]

Senate is going to vote on a slightly revised version of the bill after sundown tomorrow night...

It is the single biggest power grab in the history of the United states. We must defeat it!!!