bailout passes AND the dow is slipping

[spanone]

i bet by next week wall street will be saying 'it ain't enough'

[Dover]

1. I believe the jobs report just came out and was really bad news.

Interesting timing...having the bill passed the day that report comes out.

[ingac70]

2. Bad jobs reports, factory orders down...

there are alot of other shitty things going on in the economy that factor into the DOW. All the credit availability in the world doesn't mean shit if you don't have a job, or have a job making far less money than you did.

[nadinbrzezinski]

3. Add lousy LIBOR rates to that...

[bbgrunt]

4. exactly. In the 1930's this was known as the liquidity trap. Hoover

tried it and it DIDN'T work--or put people to work.

[girl gone mad]

9. Hey, someone gets it.

We've just had our minsky moment.

I think we are in dangerous territory right now. I can't believe our congress was so easily manipulated.

[shaniqua6392]

5. Oh but Congress is going to investigate how this happened!!

That is sooooo reassuring and I am sure the truth will come out. I am sure that the economy is going to get back to normal now!!! :sarcasm: :sarcasm: :sarcasm: :sarcasm:

[BelgianMadCow]

11. Yeah sleep on two ears. A Commission is on it. Members:

Paulson & Bernanke.

[gravity]

6. Wall Street is always one step ahead of the news

If you thought the bill would boost the Dow, then you would have bought before the bill was voted for and sell afterward. Now traders are predicting the next news about the economy, which probably isn't going to be good.

[thewiseguy]

8. Exactly. The investors were already expecting this bill to pass.

Now they are cashing in.

[grahamhgreen]

7. It is dropping like a stone! This will devalue the dollar another 20 to 50%.. n/y

[girl gone mad]

10. Dollars are getting harder to find right now.

We may devalue against a few currencies but because people have had to sell even good performing equities to pay off loans, we've got a severe shortage of cash. That's why you're hearing talks of bank runs.

[Virginia Dare]

12. Cash is king and we don't have it now...

the Chinese have plenty though.

[grahamhgreen]

13. My understanding is that the Japanese and germans are not part of the real estate bubble

I think I will invest in some of their index funds....

[dkofos]

14. As expected.