posted on Oct, 2 2008 @ 09:39 PM
Throughout the weekend of 09/27, we were bombarded with news stories that Pelosi was all but guaranteeing the passage of the horrendous bailout
package. On Monday, as the votes were being cast, it appeared the bill might actually pass. The DOW dropped 777 pts. On Tuesday, with everyone knowing
Congress was taking a holiday, and not doing anything, the DOW increased over 300 pt. On Wednesday the Senate announced their intention to pass a
similar bill. The DOW dropped again, as it did on Thursday, with the passage of the bill.
It is painfully obvious to me that the markets agree, we are all much better off when Congress does nothing!