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Interesting... stock futures plunged once the bailout bill passed.

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:01 PM
Original message
Interesting... stock futures plunged once the bailout bill passed.
Right before it passed Dow futures were up 15 points. Now they are down 108 pts. I wonder why? Maybe because Wall Street knows something we don't?

http://www.bloomberg.com/markets/stocks/futures.html
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az chela Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:02 PM
Response to Original message
1. This just doesnt make any sense.
We have been so had again.
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MadrasT Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:03 PM
Response to Reply #1
2. We are being PLAYED, yet again. n/t
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:05 PM
Response to Original message
3. they know what so many economists know
that this bailout puts us well over 10 trillion in debt. More than 70% of our GDP is now consumed by debt. How much more are we going to be able to borrow?

Not much, really. The international markets are aware of this. They still practice real, as opposed to faith-based accounting, so by their books, we're insolvent.

Welcome to the third world.
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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:06 PM
Response to Original message
4. Asain markets are all moving lower too.
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barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:13 PM
Response to Original message
5. that is interesting
do they keep going all night?
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:15 PM
Response to Original message
6. Market Maxim: "Buy the rumor, sell the news."
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mth44sc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:16 PM
Response to Original message
7. If I'm the market...
I'm wantin' me some of that free money.

HAY lookie here - I'm hurtin'

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ohioINC Donating Member (126 posts) Send PM | Profile | Ignore Wed Oct-01-08 09:23 PM
Response to Original message
8. I doubt it will pass the house and so do futures traders.
The senate added 118billion on to the price tag in tax cuts and special programs.
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orwell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:26 PM
Response to Original message
9. It's meaningless...
...just like most short term moves in the market.

The major trend is lower worldwide. That trend will stay in force until it is broken.

This bill is a bandaid, and a crude one at that.

The major problems of low to no growth, systemic financial risk, high real estate prices, energy dislocations, and mountains of funny money derivatives have not gone away at the stroke of a pen.

Stay tuned...
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:28 PM
Response to Original message
10. Ya Think....
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moodforaday Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:28 PM
Response to Original message
11. Possibly:
inflation.
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Parker CA Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:30 PM
Response to Original message
12. Probably tough to predict this one, but perhaps they are worried that the house will now
work even harder to go against this bill. With such heavy senate support, many could be worried that it spells a tough road to passing it in the current version in the house.

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 09:45 PM
Response to Original message
13. Maybe they know Goldman Sachs is about to gobble them up
This is criminal.
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