Dow industrials plummet as much as 700; Nasdaq Composite down 5.7%

Market Watch ^

[300magnum]

http://www.marketwatch.com/news/story/us-stocks-plunge-global-credit/story.aspx?guid=%7B7F45BE2A%2D0486%2D494E%2DB87C%2D76D9F2688338%7D

[library user]

Had to happen.

[library user]

“Screw the market.” Rush just said it. haha

[LikeLight]

Reports of Adam Smith’s death greatly exaggerated. Laws of supply and demand NOT repealed.

[DRey]

BS. The market is having a temper tantrum, but it is no longer down 700. They’ll get over it and life will go on. Now if we can fix this minority housing gift act, our country can recover. That’s fair. Not robbing me and my family and others like us in the 40% minority who actually PAY TAXES in this country. Wall Street will have to figure a new way to finance the beach house.

[Always Independent]

I’m suprised! The last time the market tanked like this the halted trading so that all could catch their breath.

[DonaldC]

I agree with Rush on this one. If the market is booing the failure of socialist legislation, then the heck with ‘em. There has to be better ways to resolve this issue.

[andy58-in-nh]

That’s a little too easy to say when you aren’t watching your retirement fund sucked down the drain.

[dashing doofus]

If the credit markets completely freeze, due to the failure of the misnamed “bailout,” we will see more of this.

Hang on, while our political leaders try to score cheap political points. There will be plenty of blame to spread around.

[SE Mom]

And it’s ALSO up from the low- in the 400’s.

No matter whether this bill passed or NOT- the market would be very volatile..

[Terry Mross]

And this will be the repub’s cover to change their vote next time if it’s actually even over today.

[Cobra64]

BS. The market is having a temper tantrum, but it is no longer down 700.

Agreed. And I don't know why these kinds of threads are posted.

[wilco200]

Woo Hoo!!!

let the market rest. It’ll rebound in time!

a win for the good guys today

[Zeddicus]

Meh. My retirement fund is a 401k also, and I don’t dare look at it. Such is life. I’m going to watch for some good buying opportunities.

There is no sure bet. You’re on the wrong planet, perhaps the wrong universe, if you are looking for guaranteed security.

[griswold3]

All you have to do is see wall street’s donors list.
They’re free enterprise when profits are up and socialist when they want to share the loss.

You can’t have it both ways.
I believe free market capitalism is the best path to prosperity. There has to be consequences for bad behavior in the free market. no pain no gain....

[agere_contra]

I’m down 11k, and I have a big smile on my face.

[org.whodat]

Build your house on sand and fake securities and fake insurance companies. LOL

[Hones]

Rush can say all he wants that this is a Democrat created problem. Ordinary folks don’t see it that way. Thats just the reality.

[DRey]

"That’s a little too easy to say when you aren’t watching your retirement fund sucked down the drain."

Your retirement fund (and mine) will be fine. WS is having a little temper tantrum that their big fat LIE to the American people didn't work. Our funds will be fine. The market is not down 700. That was total market manipulation to literally SCARE UP some yes votes. The markets will be fine and gas will be low. Credit will be hard to get if you've got bad credit (wow, shocking) and for those of us who have been responsible, life will go on.

[what's up]

“Screw the market.” Rush just said it. haha

How nice for people who are largely dependent on that money for their retirement.