Bailout Overturned, Stock Markets Dive

**Valigarmander** · 09-29-2008, 07:04 PM

Markets plunge in wake of bailout defeat in U.S. House - Phoenix Business Journal:

Anyone else forecast a fun week ahead of us?

Demonicus Prime · 09-29-2008, 07:52 PM

We talked about it in Marketing. This is just ridiculous.

LinkManDX · 09-29-2008, 07:53 PM

The total loss in the market today was about 1 trillion.

If we had passed the bill, it would have cost 700 billion.

Demonicus Prime · 09-29-2008, 08:28 PM

A rock and a hard place is still a rock and a hard place, the rock just had pissed off Chinese. Foresight FTW.

Darunia00 · 10-03-2008, 08:49 AM

This bailout needs to happen irrespective of what the GOP members of the House want to do to stay elected. If we can't stabilize the banking system, expand it to match the size of the economy, and allow banks to start lending to one another again, this could potentially turn into a massive nationwide banking failure. Then we'd really be up the creek sans paddle.

***CaptHayfever*** · 10-03-2008, 10:03 AM

I get really frustrated when things like this happen, because what causes stocks to fall? Too many people selling at once. What causes too many people to sell at once? Greed-driven panic. The symptom causes the disease. It's stupid.

And remember, "I'm-a Luigi, number one!"

Darunia00 · 10-07-2008, 06:59 PM

In other news, the Dow continued it's trip to infinity and beyond today, ending up somewhere around 9400. It's gone down 32 percent in the last 52 weeks. All our debt is currently overseas. The economy gets a big thumbs down.

**Deku Trii** · 10-07-2008, 07:24 PM

I should buy some bargain stock.

09-29-2008, 07:04 PM	#1
Valigarmander The Bee's Knees Join Date: Jun 2006 Location: The land of rain and trees (Oregon) Gender: Posts: 29,755 Thanks: 1,649 Thanked 5,700 Times in 2,580 Posts Blog Entries: 20	Bailout Overturned, Stock Markets Dive Markets plunge in wake of bailout defeat in U.S. House - Phoenix Business Journal: Anyone else forecast a fun week ahead of us?

09-29-2008, 07:52 PM	#2
Demonicus Prime Senior Member Join Date: Jun 2005 Location: I Pity The Fool Who Confuses Me With Someone Other Than YoshiFreak. Gender: Posts: 3,108 Thanks: 648 Thanked 129 Times in 87 Posts	We talked about it in Marketing. This is just ridiculous.

09-29-2008, 07:53 PM	#3
LinkManDX Senior Member Join Date: May 2002 Location: Because political usernames ftw Gender: Posts: 3,582 Thanks: 297 Thanked 266 Times in 156 Posts	The total loss in the market today was about 1 trillion. If we had passed the bill, it would have cost 700 billion.

09-29-2008, 08:28 PM	#4
Demonicus Prime Senior Member Join Date: Jun 2005 Location: I Pity The Fool Who Confuses Me With Someone Other Than YoshiFreak. Gender: Posts: 3,108 Thanks: 648 Thanked 129 Times in 87 Posts	A rock and a hard place is still a rock and a hard place, the rock just had pissed off Chinese. Foresight FTW.

10-03-2008, 08:49 AM	#5
Darunia00 Senior Member Join Date: Jun 2000 Location: Boston Gender: Posts: 4,318 Thanks: 1 Thanked 5 Times in 3 Posts	This bailout needs to happen irrespective of what the GOP members of the House want to do to stay elected. If we can't stabilize the banking system, expand it to match the size of the economy, and allow banks to start lending to one another again, this could potentially turn into a massive nationwide banking failure. Then we'd really be up the creek sans paddle.

10-03-2008, 10:03 AM	#6
*CaptHayfever* Smash SuperMod Join Date: Jul 2002 Location: (n) - the place where I am Gender: Posts: 27,661 Thanks: 1,991 Thanked 2,486 Times in 1,513 Posts	I get really frustrated when things like this happen, because what causes stocks to fall? Too many people selling at once. What causes too many people to sell at once? Greed-driven panic. The symptom causes the disease. It's stupid. And remember, "I'm-a Luigi, number one!"

10-07-2008, 06:59 PM	#7
Darunia00 Senior Member Join Date: Jun 2000 Location: Boston Gender: Posts: 4,318 Thanks: 1 Thanked 5 Times in 3 Posts	In other news, the Dow continued it's trip to infinity and beyond today, ending up somewhere around 9400. It's gone down 32 percent in the last 52 weeks. All our debt is currently overseas. The economy gets a big thumbs down.

10-07-2008, 07:24 PM	#8
Deku Trii PP&R Mod Current Events Mod Join Date: Jun 2000 Location: Texas Gender: Posts: 9,031 Thanks: 521 Thanked 1,099 Times in 583 Posts	I should buy some bargain stock.