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Bailout passes. DOW takes a dive. Down -200 from high.

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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:33 PM
Original message
Bailout passes. DOW takes a dive. Down -200 from high.
Edited on Fri Oct-03-08 12:34 PM by Texas Explorer
So, how do you bailout supporters explain this?
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mikelgb Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:35 PM
Response to Original message
1. oops, looks like we need Bailout 2 next week
I say we give them, hmm, how about 2.5 gazillion this time?

I just picked a really big number
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:37 PM
Response to Reply #1
3. And there will be DUers who will support and defend that too. And
the one after that. Until we're making mud cookies for dinner.
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El Supremo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:35 PM
Response to Original message
2. Chart:
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thewiseguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:39 PM
Response to Original message
4. What does Dow have to do with the bailout bill?
For someone who is outraged about the bill, you sure have no clue.
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:39 PM
Response to Original message
5. Well I bet Wooden Shafted Arrows goes up and Rum as well...
:crazy:
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wundermaus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 12:40 PM
Response to Original message
6. Gee, that's great news...
Did you just feel a vibration?
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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:20 PM
Response to Original message
7. It's up +5 for the day...
At the time I'm posting this:

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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:21 PM
Response to Reply #7
8. Now +1.59
:rofl: in a sad kind of way...
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krispos42 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:25 PM
Response to Reply #8
13. Now -28 for the day
Fuck, is Bush talking on the TV machine???
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:22 PM
Response to Original message
9. I wouldn't look for any silver linings in the economy for a while..
bailouts or no. We're going down the crapper fast, Congress thinks they just bought us a softer landing. We'll see.
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:22 PM
Response to Original message
10. bailout supporters can't explain anything
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cottonseed Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:22 PM
Response to Original message
11. They want more!
Edited on Fri Oct-03-08 02:22 PM by cottonseed
Maybe the'll be happy when we pass the next one.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:22 PM
Response to Original message
12. It's not down 777, is it?
See? You can use stupid logic to argue any side of a debate.
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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 05:25 PM
Response to Reply #12
15. You are a master at it, so I can definitely see how your expert opinion would apply here.
Edited on Fri Oct-03-08 05:26 PM by TheWatcher
But hey, you got the Bailout, so everything will be fine.

Get back to giggling and snickering.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:52 PM
Response to Original message
14. It was never about the stock market
As people who understand the bill have told people all along.
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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 05:27 PM
Response to Original message
16. Wall St. axiom: Buy the rumor, sell the news. You are looking at the result of day trading...
and a bad jobs report today.
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suston96 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 05:32 PM
Response to Original message
17. There was some really bad news about lost jobs in September......
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5TsV49wAewU

U.S. Economy Probably Lost Jobs in September for Ninth Month

By Shobhana Chandra

Oct. 3 (Bloomberg) -- The U.S. probably lost jobs in September for a ninth month as the credit crisis deepened the economic slump, economists said before a government report today.

Payrolls fell by 105,000 last month, the biggest decline in five years, according to the median estimate of economists surveyed by Bloomberg News. The Labor Department report, the last before the presidential election, may also show the unemployment rate was unchanged at a five-year high of 6.1 percent.

The world's largest economy may be headed for bigger job losses as the worst financial meltdown since the Great Depression causes consumers and companies to retrench. A sinking labor market and rising borrowing costs raise the odds Federal Reserve policy makers will cut interest rates by the Oct. 28-29 meeting.

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