House poised to pass bill

[SD Transplant]

By the current market reaction, the bailout bill was priced inappropriately because the gain from yesterday is gone (300 points) and then some (negative 57.35) as of 11:49 AM today.

DOW (57.35) -0.55%

FROM CNN MONEY: no link available – just a header

BREAKING
NEWSDow turns lower, erasing 300-point rally, after passage of $700 billion bailout plan. More soon.

[cr]

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?

[cr]

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?

[cr]

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?

[cr]

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?

[cr]

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?

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[Coronita]

[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.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[stockstradr]

I shouldn’t play with fire (day trade speculate on the up side in a nasty bear market).

Serves me right. i need to focus on capital preservation and hold onto my gains.

I estimate i gave up 3% to 4% of my portfolio in the last 24 hours with this foolishness.

At least, Thank God, I cut my gold exposure down at $900/ounce. I see gold is now at $833, having a fairly flat day.

So do I dump my long (2X on S&P500 and NASDAQ) positions that have cost me 4% losses in 24 hours, or do I hold out for a rally off the Fed rate cut?

Time to admit my mistake and run for cover. The fed rate cut (like passage of this bail out) is probably ALSO already priced into this market.

I need to stick with the fundamentals, stick with the sure bets: such as S&P500 dropping to 1000 within twelve months as the recession shows us how nasty it will be.

[Author]

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