[Snowrunner]

Well...

so far it looks like the Asian markets are trending downward and the Bank of Japan has pumped close to 10 billion into the markets (again).

fun fun fun.

[Buggy]

To my feeble mind, 700 billion sounded like a huge sum. But I just picked up a bit of info that the CDLs floating around out there were in the neighborhood of 55 trillion dollars. So um, though it is beyond my imagination, 700 billion is a drop in the bucket and we are so incredibly screwed. Though it will feel like business as usual for the foreseeable future.

[smallpoxgirl]

Well...guess I missed that one. DJIA down about 300 points so far.

[Buggy]

$this->bbcode_second_pass_quote('smallpoxgirl', 'W')ell...guess I missed that one. DJIA down about 300 points so far.

[drgoodword]

$this->bbcode_second_pass_quote('smallpoxgirl', 'W')ell...guess I missed that one. DJIA down about 300 points so far.

[the48thronin]

$this->bbcode_second_pass_quote('idiom', 'N')ow that this bailout is passed, the GDP for this quarter should increase by $700 Billion. Right?

[Revi]

Dow down about 233 now. I guess they aren't buying the bailout.

Wow! How can it get worse. I probably shouldn't say that...

[IndigoMoon]

The DOW is now down 540

[eXpat]

$this->bbcode_second_pass_quote('', ' ')Sept. 29 (Bloomberg) -- The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. The Term Auction Facility, the Fed's emergency loan program, will expand by $300 billion to $450 billion. The European Central Bank, the Bank of England and the Bank of Japan are among the participating authorities.
The Fed's expansion of liquidity, the biggest since credit markets seized up last year, comes as Congress prepares to vote on a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, causing stocks to plunge and forcing European governments to rescue four banks over the past two days alone.

[startswithearthquakes]

ULTRA MEGA SUPA MOTHA F$&$@&%^& DOOOOOOOOOOOOO0000000000000000000MMMMM!!!!!!

[yesplease]

Lenny Bruce is not afraid.

[AlexdeLarge]

- 600 for a few moments!

It's the suspense that gets you !!!!

[eXpat]

Global stocks and euro engulfed in spreading bank crisis
$this->bbcode_second_pass_quote('', 'N')EW YORK (Reuters) - Investors bought U.S. Treasuries and dumped stocks globally in a scramble for safety on Monday, amid a credit crisis that has U.S. lawmakers moving quickly to vote on a $700 billion financial rescue plan while central banks pumped more money into paralyzed money markets.

Gold prices surged in the search for safety while a handful of banks in Europe were partially nationalized over the weekend to protect them from failure.

To counteract the financial crisis that has spread worldwide from last year's U.S. mortgage market meltdown, the Federal Reserve announced a $330 billion expansion of arrangements to boost U.S. dollar liquidity throughout the global financial system which has become paralyzed by fear.

The euro fell nearly 2.0 percent against the U.S. dollar at one point, but has since gained back some ground. Emerging market currencies were pulled lower against the U.S. dollar in a flight to safety.

[DaleFromCalgary]

One word: apeshit.

[Zardoz]

Dow Closes Down Nearly 800 as Market Reels

$this->bbcode_second_pass_quote('', 'T')he market screamed as the House vote on the Wall Street bailout bill teetered on the edge of a cliff — and then fell off.

"This is panic and ... fear run amok," Zachary Karabell, president of River Twice Research told CNBC. "Right now we are in a classic moment of a financial meltdown," he said.

...“I honestly don’t even know where we go from here,” said Dave Rovelli, managing director of equity trading at Canaccord Adams. “It’s impossible to quantify.”

“We were all in shock,” Rovelli said of the mood on the trading floor. “The problem is, out in the boondocks, people don’t realize what this means. When they can’t get a loan at the bank, then they’ll figure it out.”

"If there is no package, there will be a tremendous hole in credit markets. This must be passed," Gross said.

"We don't have a backup plan," Rovelli added.

[eXpat]

After the Dow closed at -777, the name of this thread sounds more ominous now.

[gnm]

$this->bbcode_second_pass_quote('eXpat', 'A')fter the Dow closed at -777, the name of this thread sounds more ominous now.

[ALBY]

$this->bbcode_second_pass_quote('eXpat', 'A')fter the Dow closed at -777, the name of this thread sounds more ominous now.

[StuckInPhilly]

I was going to say that I thought things would go up and down until the big, big downer comes in a few weeks but...
the whole thing is and always has been completely irrational.

Fortunately the stock exchange is not the economy, unfortunately the rest of the economy pretty much sucks.

[Cyrus]

Today's supposed "rally" discussed earlier in this thread never came...