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Okay, at todays opening bell the market droped 100+ points..

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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:14 PM
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Okay, at todays opening bell the market droped 100+ points..
Edited on Tue Sep-16-08 02:14 PM by Javaman
then the fed steps in and pumps in 70 billion of monopoly money...

Fed pumps $70 billion into financial system
http://www.msnbc.msn.com/id/26737731/

then the market "surges" back and now is at roughly 100+...

But then this comes out...

No Bailout: Feds Made New Policy Clear in One Dramatic Weekend

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/15/AR2008091503312.html?hpid=topnews

Okay, so pumping 70 billion into a failing market isn't a bail out? Then what is? Only helping corps with corporate welfare is a bailout?

I remember last time they pumped money into the fed, I believe the "good times" only lasted about a day. I'm thinking this latest 70 bil will last through thursday. Then... :shrug: but I'm not very hopeful.

Remember folks, it's your money. Weeeee!!!
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Mme. Defarge Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:17 PM
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1. Dramamine - n/t
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:18 PM
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2. The GOP and The Corporatists are deliberately Shorting our Economy...
Edited on Tue Sep-16-08 02:21 PM by fascisthunter
and leaving average American tax payers with the bill. This is the perfect economic storm to further consolidate and monopolize... all while putting Americans in DEBT to private entities.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 02:37 PM
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3. Speculators are all having a nervous breakdown. Buy, sell, buy sell, they are lost and clueless. NT
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