Market News

[James48843]

Another bank implosion.

Must be Monday.

 

[Show-me]

At least the FDIC is using reason and brokering deal instead of insuring deposits. That would be huge. I would say that is a tick mark in the good job column.

 

[weatherweenie]

House Rejects Bailout For US Financial Markets

 

[Fivetears]

Cant' wait to see how the vote went by state representative.

 

[Fivetears]

Today: Emergency Economic Stabilization Act. :nuts:

TODAY it's a troubled-asset purchase plan. They'll find a name for this that will sell; one way or another.

Eh... ww; it's a rescue plan now.

 

[fabijo]

Today: Emergency Economic Stabilization Act. :nuts:

Yup. You always need to have the word "emergency" in there, or else it doesn't matter.

 

[350zCommTech]

The people have spoken!!!

 

[James48843]

Emergency Economic Stabilization Act

I supposed NOW we're in for DE-STABILIZATION, eh?

Well, look at it this way...

When they take away all our automobiles.......and here in American- we all end up riding bicycles (like the Chinese did for years..)

then....well...

I'll save a bundle on my car insurance.

 

[weatherweenie]

2:00 pm : The current Emergency Economic Stabilization Act vote tally comes at 207 for the plan, 226 against, with one vote remaining. A total of 218 votes were needed to pass the vote. House members can still change their vote, and as a result the number of yes votes did tick a few points higher.

 

[weatherweenie]

VIX spikes to 45

http://data.cnbc.com/quotes/VIX

 

[weatherweenie]

The NY Times reports that government leadership plans a second attempt to pass the $700 billion financial bill, which conflicts with a CNBC report that there is no possibility of a second vote

 

[Gumby]

The NY Times reports that government leadership plans a second attempt to pass the $700 billion financial bill, which conflicts with a CNBC report that there is no possibility of a second vote

There will surely be another vote on some kind of bailout proposal....but maybe not today.

Congressmen and women have been getting an earful about this bailout from constituants....

 

[James48843]

VIX over 47.

 

[James48843]

Today is GREEN Friday !!!!

http://blogsforjohnmccain.com/category/tags/bail-out -----The next time you state "Braveheart wrote" check the post #1027 below. That is a link so to be "Fair & Balanced those were not my words and since you worked on the Nixon Campaign you should know better and read everything including the link. That was information not some MSNBC cheerleader. There will be a debate tonight and yes "Johnnyboy" will be there I will make that prediction but I already had the facts so that was easy.

OK- I was one day off.

TODAY will be "Black Monday".

 

[Frixxxx]

Another bank implosion.

Must be Monday.

Must be another "Black Monday" :worried:

 

[fabijo]

Wow! That was a fun ride down. I'm getting back in line for that ride.

 

[James48843]

Take a listen to this:

http://www.americanrhetoric.com/speeches/fdrfirstinaugural.html

FDR's first Inaugural address.


This is the "We have nothing to fear, except fear itself" speech, made at a time when unemployment was 25%, the banks had been failing for several years, Wall Street had collapsed, and it was going to take the power of the U.S. Government to turn the economy around.

A great speech, and worth listening to this morning, as those in Congress debate how to get us out of this mess.

Umm- I'll bring this one up again.

Take a listen to the speech.

We have nothing to fear, except fear itself.

(VIX over 47 today).

 

[Braveheart]

OK- I was one day off.

TODAY will be "Black Monday".

LMAO ----Tomorrow will be Black Tuesday.....Then we will have Black Wednesday......Then the Bill might be passed problem is no one will invest in the market and it will not recover for years because some clown Paulson tells the World we need a "Bail Out" or the Market will collapse. Those 2 words "Bail Out" should have been assist or reform bill then the media runs with it.

What does Pelosi care she lost her fortune in AIG where she went all in for years !!!

 

[Intrepid_Timer]

I think people really need to start listening to this man:

http://www.govtrack.us/congress/bill.xpd?bill=h110-2755


Write him in. I am.

 

[weatherweenie]

[BRIEFING.COM] S&P futures vs fair value: +35.30. Nasdaq futures vs fair value: +29.00. Futures suggest a partial recovery from yesterday's steep losses on what has been a slow news morning. Index futures are sharply higher, although they are off their early morning highs. The House of Representatives rejection of the financial relief plan sparked a massive 431 basis point increase in the over night dollar Libor to 6.88%. The Libor measures what banks charge each other for short-term loans, so an elevated number represents tight credit markets. All terms of Libor climbed, which range from overnight to 12 months. On the earnings front, Pepsi Bottling Group (PBG) increased third quarter earnings per share by 7.1% year-over-year to $1.04, which topped expectations by $0.02. On the economic front, the S&P/CaseShiller Home Price Index (9:00 AM ET), regional manufacturing survey Chicago PMI (9:45 AM ET), and consumer confidence (10:00 AM ET) are all set for release later this morning. After plunging more than 10% yesterday, crude prices are on the rise with a gain of 2.9% to $99.23 per barrel. European markets are mixed -- The FTSE is up 0.4%, the CAC is flat and the Dax is down 0.9%.