Boy I sure am glad congress passed that $700 billion bailout package......NOT
 

The stock market has tanked more since they passed it than it did when they thought they weren't going to pass it.


I guess maybe it's got to get worse before it gets better.


Or maybe it's just got to get worse before it gets ALOT worse.

No its just Wallstreet knocking everything down so the big fish can buy back in before the Government starts dolling out the checks. There will be amazing gains before the 700B hit in the system so the government will spend more to conduct the corrections.

Remember buy low sell high?

It's going to get ugly, and more banks are going to fail...

I think if they passed it that monday instead of friday that wouldnt of happened. They didnt pass it the market tanked and I think it dropping over 700 points started the real fear. Then it was too late.

When did the bailout become the solution to an economic slow down and the resulting correction in the stock market? Is the government buying stocks with the $700 billion?

I thought it had something to do with the credit markets freezing up.

WHY do people (including news media!) come at it from a premise that the act of PASSING the bill would instantly *fix* something!?!??

I've been stunned watching people who are SUPPOSED to know better come onto tv and do "reports" that are simply scare and fear and ignore!

The money is supposed to be for buying "toxic loans" from lenders who are too afraid of holding them and are seized up and not lending/operating! Thats it. It's not instant, nobody EVER said it was! IN fact, they've all said it'll take a long time. And it'd better. Because if the gov. took my money and is gonna buy and invest with it, they'd BETTER hold it long enough to make me a profit goddamnit.

Anyway, the markets today are just fear and ignorance. People are nervous, it's human nature especially in this culture of fear we've been living in for oh.......almost a decade.

I didn't think it would instantly fix something....but stocks are forward looking, and when the market drops precipitously like this, it's because of a lack of confidence.....today's prices have nothing to do with economic fundamentals.

So all I'm saying is....apparently this bailout package did nothing to restore investor confidence in our economic future.

Yeah it was a huge scam

it was supposed to restore confidence. If they would have acted quick, the market probably would have taken off almost instantly, but they waited too late and everybody got paranoid.

We will see results