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Dow (Futures) Down 150 Points
DJIA ^ | 10-05-08 | staff

Posted on 10/05/2008 5:56:46 PM PDT by icwhatudo

Wall Street is reacting negatively to the passage of the banking bailout plan. Stock index futures, which give an indication of how trading will proceed when the market opens Monday, were down over 150 points at 8:30pm EST Sunday evening. Japan's Nikkei stock average has fallen 275 points (2.52%) on Monday (local time) despite President Bush's signing of the financial bailout bill.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: djia; dow
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DJIA just prior to House defeat of bailout: 10843

DJIA close the day after House defeat of bailout: 10850

DJIA just prior to Senate approval of bailout: 10831

DJIA close the day after Senate approval of bailout: 10482

DJIA just prior to House approval of bailout: 10679

DJIA close the day after House approval of bailout:???

Currently: 10213

(rough numbers based on times of votes)

1 posted on 10/05/2008 5:56:46 PM PDT by icwhatudo
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To: icwhatudo

$700B is not enough. Wall Street wants more and will thow a tantrum until its gets at least 3X that.

From here on out, our Nation’s budget will be held hostage to the DJIA.


2 posted on 10/05/2008 5:58:21 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: icwhatudo

Nice work on the bailout, guys. Hey, can you come trash my home and my car while you’re at it?


3 posted on 10/05/2008 5:58:28 PM PDT by SlowBoat407 (Obama will give us enough hope to hang ourselves.)
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To: icwhatudo

I hope the market improves, but I could understand it falling further after the “Bail out” passed.


4 posted on 10/05/2008 5:59:05 PM PDT by Jet Jaguar (Who would the terrorists vote for?)
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To: icwhatudo

Why is it called a bailout or a “rescue” plan?

I call it a failout.

Such a joke.


5 posted on 10/05/2008 5:59:32 PM PDT by Shyla
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To: SlowBoat407

“Nice work on the bailout, guys. Hey, can you come trash my home and my car while you’re at it?”

You don’t have to ask. They’ll just send you the bill.


6 posted on 10/05/2008 6:00:07 PM PDT by Rokke
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To: icwhatudo

7 posted on 10/05/2008 6:00:34 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: Shyla

I call it a sellout since that appears to be what many in our government did.


8 posted on 10/05/2008 6:01:35 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: Jet Jaguar

yes, the markets are now on to estimating how deep the slowdown/recession will be, looking for signs to hope, or indications of continuing distress.


9 posted on 10/05/2008 6:03:28 PM PDT by avital2
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To: icwhatudo

Shhhh......doesn’t fit the storyline. The Pols in DC did SOMETHING so obviously it’ll all be OK. Right? Right?


10 posted on 10/05/2008 6:04:30 PM PDT by wbill
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To: Shyla

I keep calling it a “buyout.” (husband recently took one, so the word’s in my head) It didn’t bail out anything, it was one massive bribe.


11 posted on 10/05/2008 6:05:29 PM PDT by madison10 (Republicans don't win polls, they win elections.)
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To: icwhatudo

Gonna be a wild ride.


12 posted on 10/05/2008 6:05:31 PM PDT by RKBA Democrat (Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
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To: icwhatudo

Will someone pree the “up” button please!


13 posted on 10/05/2008 6:06:43 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: icwhatudo

Wall Street wants more free money, f*** them.


14 posted on 10/05/2008 6:07:11 PM PDT by jveritas (Use the nuclear option against Obama: Jeremiah Wright)
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To: teletech

pree=press


15 posted on 10/05/2008 6:07:17 PM PDT by teletech (Friends don't let friends vote DemocRAT)
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To: cripplecreek

No matter what name...it stinks big time.

I trade in aluminum. The bigger brokerage house are starting to dump some commodities...Fast. Friday, a couple brokerage houses called to let us know.

I am the last one in, guess who is the first one out? What a joke the failout, whatever... this shall put me on the unemployement line...

Loaning the money, I can understand, free out with the ramifications? Oh, hell no.


16 posted on 10/05/2008 6:08:38 PM PDT by Shyla
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To: madison10

I can’t help but feel that this isn’t anywhere near over and more ransom will be demanded or “Main street” will burn.


17 posted on 10/05/2008 6:08:46 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: jveritas
Wall Street wants more free money, f*** them

If it was Wall Street asking for the money then why was there a train load of "sugar" piggy-backed on that bill? It was slight-of-hand. The real culprits were Fannie/Freddie and we barely glanced in that direction.

There are 1000s of not-so-rich people who have their investments connected to Wall Street, but they weren't helped by that guano bill.

18 posted on 10/05/2008 6:11:58 PM PDT by madison10 (Republicans don't win polls, they win elections.)
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To: wbill

CNN will blame “doubts about the President signing the bill” for the downturn. After someone whispers in their ear that he already signed it...it will be “all OJ all day”.


19 posted on 10/05/2008 6:13:28 PM PDT by icwhatudo (PALIN VID=========>>>>>http://www.overstream.net/view.php?oid=n1ronxelmtin<++++++++)
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To: Shyla
Commodities are falling in price due to a broad selloff that was well underway before this House/Senate plan was ever hatched. "Deleveraging" is going to drag nearly everything down, and $700 $850 billion is not going to change that.
20 posted on 10/05/2008 6:13:31 PM PDT by RegulatorCountry
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