Charles Krauthammer: Wall Street Will Vote at 9:30 AM Friday

Fox News Channel

[GreyWolf]

Krauthammer just said on FNC that if the "bailout" is not resolved tonight, the market will vote at the opening bell Friday.

[jbstrick]

“A raging inferno is heading towards us and we’re worried about the idiot who started the fire.”

Good analogy. Folks are screaming about the socialist aspects of this bill. Well, I hate to tell you this. Its too late. We’re screwed. Save what we can before there is a run on the banks and we are in a full fledged depression. Im not exaggerating.

[NRG1973]

There are an awful lot of average Americans who have their 401Ks invested in Wall Street stocks. If the stock market tanks, those baby boomers will have to work a few extra years, holding jobs that would be opening up for younger employees.

And if this country gives into the Democrats and the pigs on Wall Street, those Americans may never be able to retire because their taxes are too high. The reality is that if the stock market goes down, a lot of money will pore in because there are bargains.

And one other thing...there are only two days that matter reagarding stocks. One is the day that you buy a stock and the other is the day that you sell the stock. Nothing in between those two days matters. If the Americans hold onto their stocks and wait out this event they will probably be able to sell at good prices when a good deal is reached. thats a heluva lot better than having a bad deal shoved down our throats by the Democrats and Wall Street pigs.

[HokieMom]

Congress will declare the problem solved and go home for another extended break.

Pelosi book tours and campaigning for reelection.

[Thane_Banquo]

I want on that ping list if you’d be so kind.

[1066AD]

Unfortunately this isn't confined to just the US. Something needs to be done to restore global faith in the system in the short term, in the longer term changes can be made and, hopefully some people in Congress and on Wall St prosecuted and/or disgraced.

[dragnet2]

There are an awful lot of average Americans who have their 401Ks invested in Wall Street stocks. If the stock market tanks, those baby boomers will have to work a few extra years, holding jobs that would be opening up for younger employees.

Tell that to the larger group that don't even have a 401k or any investments to speak of.

In addition, I'd tell them to pull themselves up by their bootstraps, and not expect government to bail them out.

[balls]

Part of the rush to get it done is because Rosh Hashanah begins on Tuesday and the finance industry goes into idle until after Yom Kipur about ten days later.

[Osage Orange]

I second that!!

[NRG1973]

Say hello to President Obama, a free trade/open market fan to be sure.

If we accept this deal we are getting everything that Obama wants...even before he becomes president.

[Thane_Banquo]

Never ever set policy based on what the stock market does, or might do. The vast majority of what goes on in the stock market is pure irrationality, with no rhyme or reason. Stock traders are known to be the dumbest guys in the business.

[Shortstop7]

they will attempt to frighten us so they can steal or hatrd earned cash.

well, i'm askeered....

[BGHater]

‘Mocking’ Foreign Entanglements, bah!

[jwalsh07]

Sadly, too many do not see it that way. They don’t understand, or don’t want to understand, the impact of a deflating economy.

Actually you're wrong. I understand perfectly. The need to grasp at the first soution no matter how crappy that solution is is a very human thing to do. And almost always wrong.

The original proposal was to give the SecTreas a blank check good for about a trillion to dole out as he saw fit with little to no oversight.

I suppose you supported that as well since you understand what the rest of us evidently are incapable of understanding.

[outinyellowdogcountry]

Hmmm. I wonder if this $200 an acre pasture land where I live will stop selling for $2000 to “recreational” use investors. It has driven up all land valuations for those of us that try to actually work the land and live here. People not having so much money to throw around may level things a bit. I am not a class warfare type but there is so much extravagance afoot that people don’t even know what is necessary and what is just desire. Probably myself included to some extent.

[uncbob]

Good analogy. Folks are screaming about the socialist aspects of this bill. Well, I hate to tell you this. Its too late. We’re screwed. Save what we can before there is a run on the banks and we are in a full fledged depression. Im not exaggerating.

Because you say you are not that makes it so ?

[Carley]

Not necessarily so.

There is enough confidence that something will get done that most will not panic.

[cva66snipe]

Nope, I'm done with this shit. No more compassionate conservatism here. No more allowing the government to fix what the government effed up and then thanking Chris Dodd and Barney Frank for forcing banks to lend to poor credit risks so they could save me from the beast. They are the damn beasts.

I don't care for what Frank nor Dodd have done either. But the reality of it is that right now this very moment anyone can still find ample credit applications and ample credit. I bet my dog can find credit. That degree of loaning irresponsibility must fall directly on the lender itself.

[jbstrick]

“More BS. I have no debt”

Your lack of debt is not the concern. It will be the lack of anything to buy and the inflation that will make your valuables... valueless.

[Shqipo]

Senate leaders will float that “substantial progress” was made in the wee hours of the morning just to keep the Market at bay tomorrow. Then at 4:01pm Friday, they will again admit that there remains a huge divide. Just being time to crawl into the weekend.

[padre35]

Not even close, does this deal socialize medicine? Does this deal impose 28%+ capital gains taxes, does this deal “guarantee” a collge education at taxpayers expense?

Does this deal usher in Societal Decay via unfettered Amnesty, Gay Marriage etc.?