Dow closes at 8579 /// down 678

[liberalla]

Dow loses 678.91

Closes at 8579.19

Watch out below!

[soulcore]

1. Boy, that bailout sure helped, huh? n/t

[elocs]

5. Well, please send an email to Barack Obama and tell him how stupid it was for him

to support the bailout bill.

[wishlist]

10. If Dems hadn't voted for bailout, they'd be blamed for this crash nt

[elocs]

11. Another thought might be: if there had been no bailout, where might we be now?

Does anybody believe that the bailout actually made things worse? That the market would think, "Isn't this terrible that the federal government is going to rescue us? Let's make the market tank just to show them how stupid it is".

[soulcore]

19. All it really did...

...was funnel the last few hundred BILLION that * could get us to hand over to Bernanke so he and his old pals could pad their coffers before the inevitable fall.

And we bought it, hook, line and sinker.

[TexasObserver]

24. Wrong. He is judged by how he handled the situation, and he outperformed Grumpy.

Don't have outrun the bear. Just have to outrun Grumpy.

[stray cat]

6. Impossible to say actually - however most of the bail out hasn't been put into play

guess there was a problem with the economy however....

[mile18blister]

15. And don't forget the Fed cutting interest rates.

That really helped too, right?

[garlicmilkshake]

2. Waitaminnit...this morning all the talking heads were reporting big rebounds for today!

:eyes: :grr:

[flamingdem]

3. Wondering..

.. about any possibile relationship to Naomi Wolf's thesis?

http://ia360932.us.archive.org/0/items/dn2007-1128/dn2007-1128-1_64kb.mp3

[LSparkle]

4. Oh geez ... October surprise indeed ...

Bets on whether Executive Order 51 gets implemented???

On edit: Presidential Directive 51 to be correct.

[snappyturtle]

12. Not to be picky but I think it's PD 51...as in presidential directive. nt

[LSparkle]

13. You are correct, sir (or madam) -- will edit!

[snappyturtle]

17. I'm a turtle-ette! nt

[Neecy]

16. it's an October surprise for McCain, at least

[liberalla]

20. I'm with you. There's no way the Repukes & McCain planned

for this. They wanted to stave off financial disaster until after the election. I'm sure they wanted to get at least 4 more years locked in, before they had to deal with this. Or, if Obama got elected, let it fall apart then - so it looked like it was the Dems fault.

Surprise McCain!

[liberalla]

21. From 14,164 ---> to ----> 8579 ------> since Oct. 9, 2007 - one year ago

Whoosh!

:wow:

[rug]

7. What's that, about a 1700 total loss?

[AllieB]

8. it's mccain's fault

Everytime he begins a new smear campaign, the market tanks. so he should just keep his yap shut.

[specialed]

9. Just chill....we've lived through this shit before...we will again...

I'm starting up a "hemp farm."

Joke!

[Warpy]

14. Yep, this is panic selling

Panic is the dumbest reason to do anything, and it's the weak being shaken out right now.

Panics like this one generally run their course pretty quickly.

The market then will rise slowly for a while.

However, if derivatives really do go, it's going to be beyond ugly.

[BlueInPhilly]

18. Actually, the temporary ban on short selling expired yesterday

so the hedge funds put out a lot of short orders. Someone is still making money out of this mess.

For what it's worth, I hope SEC / Treasury / whoever will put a permanent ban on short selling until the market stabilizes. It just isn't helping.

[Stuckinthebush]

22. Je....

...sus

Put on your helmets, my friends. We are about to crash.

[Stuckinthebush]

23. When was the last time it was this low?

I'm curious as to the date. I know that it was around 10,000 when Bush took office.

[anigbrowl]

25. 2002: 7528

Go here: http://finance.google.com/finance?q=INDEXDJX:DJI and play around with the scroll bar under the graph.

[Stuckinthebush]

27. Thanks!

cool link!

[W_HAMILTON]

26. Suze Orman said the bottom would be around 8000-8500.

One more DAY, and we'll probably be below that.

Where is the bottom? Nothing they are doing is stopping this. Is there a bottom? Are we going to drop to 4,000? How much more of this can we take?

Election day can't come quick enough, and neither can the inauguration (unless McCain wins, then God help us).