Amid GOP revolt, bailout deal breaks down

Amid GOP revolt, bailout deal breaks down

news.yahoo.com

WASHINGTON - A Republican rebellion stalled government efforts Thursday to avoid economic meltdown, a chaotic turnaround that disrupted the choreography of an extraordinary White House meeting meant to show joint resolve from the president, the political parties and the presidential candidates. Instead, the summit broke up so bitterly that Treasury Secretary Henry Paulson got on one knee before Democratic leaders in a theatrical attempt to salvage talks.

(visit the link for the full news article)

So now that the bailout talks are breaking down, how do you think the stock markets are going to react to this news in the morning? If the Web Bot is right at all about something big happening this week that will lead to the huge event on October 7th, then I think that the markets tommorrow are really going to take a nose dive.

And I am new, nice to meet you all. I've been silently reading these forums for years. So it's nice to finally come out of hiding.

news.yahoo.com
(visit the link for the full news article)

Are there any videos that show the "extraordinary White House meeting". I would like to see this new Treasury Secretary Henry Paulson got on one knee before Democratic leaders. If there is no videos why were the press not allowed to attend the meeting?

reply to post by statickitt3n


It's actually kind of interesting, i would have thought the stocks would have nose-dived today but yet they were up, bizarre.

I predict the DJIA will drop around 300 or 400 points by the end of friday. Another crash, followed by more mainstream media and administration propaganda, which could lead to a small rebound next week. Complete crash of the financial sector by October 7th is not unimaginable.

This news is definately going to effect the markets negatively. I would be surprised if we didn't have a complete crash tommorrow, or at least very soon. I don't see congress reaching an agreement on the bailout plan. There is too much at stake with it being an election year.

This won't bold well for the markets tomorrow. Combine that with the WaMu situation. I expect stocks to be hit hard tomorrow. The question isn't one of positive or negative, but how negative will tomorrow be.

I've been closely monitoring stock futures on bloomberg and right now, everything is down.

Dow: -156 (Back up from -187)
S&P: -19.30 (Back up from 21.50)
NASDAQ: -21.25 (Back up from -24.50)

Foreign Markets:
NIKKEI: -80 (Back up from -190)
HANG SENG: -412 (Back up from -536)
SPI: -38 (Back up from -77)

Who knows what could happen tomorrow. I am guessing there will be a nosedive tomorrow morning. After WaMu failing yesterday and the news that congress is getting no where too fast with this bill, I'm positive it will fall.

reply to post by statickitt3n


Welcome pretty girl...I just started here too...good to have you on board.

I'm glad this thing has turned into some bull# photo op for both our presidential candidates. Political Theater at it's finest. McCain and Obama neglected this issue the whole time they've been in office and many times enabled them to carry out the rape over, and now they're dead set on turning this thing around!

GTFO.

As if Obama or McCain have the balls or the know how to contribute anything to this mess. Both of them dance around the issue, waiting for something to fall through so they can be "right."

I'm over this whole thing and I will do whatever I can to get in the way of this bill and these fake politicians.

Truth and integrity will shine through! They've finally pissed a few of us off...