[quote=cooprider]The irony is too much: Bill passes and stocks retreat.
What a joke. Welcome to communism folks.
Anyone have a list of who voted for and against?[/quote]
Not too surprised…Had the first bill passed, we probably would have seen a stock market rally even to this week. A second pass at it everyone’s already expecting it. No more (pleasant) surprises. Seems like the market was already factoring in this bill to pass. I wonder what it would have done had it not.
The only other thing to look forward to now is if Fed drops rates (again), which me thinks is still gonna happen.
Well, at least some companies can now come clean, sort of. I’m wondering why companies like GE are getting killed. They do have a financial arm, which probably is taking a big time hit with the credit crunch, but it seems like things aren’t reacting in a rational way. Disclaimer: loading up on GE and phillip morris international as I speak.
