Posted on 09/25/2008 5:12:03 PM PDT by GreyWolf
Krauthammer just said on FNC that if the "bailout" is not resolved tonight, the market will vote at the opening bell Friday.
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Looookkkkkk....oooouuuutttt.....beellloowwwww...
Cripes, there will be blood in the streets tomorrow.
they will attempt to frighten us so they can steal or hatrd earned cash.
They use fear to get us to give up our rights and freedoms.
I refuse to be a slave to the Socialist machine more than I already am!
Vote for what?
Not to provide welfare to Wall Street.
Mr. Krauthammer forgot we live in a global economy.
The Asian Markets will start or have started within an hour and will give us an early indicator.
Krauthammer, as usual, was right. When the market tanks in the morning, a compromise will be magically contrived.
Folks, the market already dropped a thousand two days last week and bounced back the thousand the next two days when this plan emerged.
Why all this panic that the market cannot recover next week? This less than 24 hour news cycle is just ridiculous.
It will go down on uncertainty, it will recover when they work it out. Big friggin deal. It is this fear of anything bad happening that has caused this mess.
The real vote will come on Monday if nothing is worked out.
And the smart money will be getting in tomorrow.
Can you imagine a trillion dollars, they throw these figures around like it is loose change.
Does anyone know the particulars of the two proposals? Don’t we have a right to know what our tax money is being spent on?
Will tomorrow be a buying opportunity? Equities?
Why can’t people get it through their heads that this is not a bailout for Wall Street bankers. A raging inferno is heading towards us and we’re worried about the idiot who started the fire.
The banks are us. It’s our savings, the stock we own in 401k’s and IRAs, they’re owned by our pension plans, the insurance companies that won’t be able to pay our medical bills or our life insurance for our surviving family because the investments went belly up. It’s what keeps the doors to our employers open, etc. We let the banking system fail and unemployment will double or triple. All of our homes will plummet in value.
It’s like asking during the Chicago Fire or the S.F Earthquake fires: “Why should I help put out the fire?”
Answer: because we’ll save ourselves.
Yep.
Presumably they’ll be a deal by Monday, but hopefully not Paulsen’s. That being the case I’d buy before the markets close. Could make out very well by the time Trading begins on Monday.
“Does anyone know the particulars of the two proposals? Don’t we have a right to know what our tax money is being spent on?”
Great point. Just thinking ‘yea’ or ‘nay’ is shooting in the dark.
The govt cant even accurately count votes, why would anyone expect they’d start to accurately count our money.
Crash.
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