Crazy Times

Today kept me insanely busy, as I watched the stock market crash and the politicians fail to pass the bail out. I was up till 4:30 last night. Up at 9 and now it’s 1:30 with still some hours to go, finishing a project.

Man, unbelievable that Congress won’t go in session until Thursday. Why are we paying these clowns? And Obama has still failed to offer any ideas. Nothing but the usual attacks on “greed” with no ideas or solutions. Instead he mocks McCain for at least trying to get involved.

A trillion dollars is said to be lost today on the stick market. What nightmare will ensue tomorrow. Let’‘s hope cooler heads prevail.

At least oil is down and the dollar is up. 

Evidently, everyone is happy the crooks are gone.
ame       Chg     % Chg     Last
DJIA       370.12   3.57%    10735.57
S&P;500       47.66   4.31%    1154.08
NASDAQ       80.96   4.08%    2064.69
RUSS2KG       6.31   1.83%    351.71
10yr Trsy       1.55   4.29%    37.70

Name       Chg     % Chg     Last
$USDEUR       0.015912   2.29%    0.71096
$USDJPY       2.435   2.35%    106.265
$USDGBP       0.007204   1.30%    0.562436
$USDCAD       0.01675   1.60%    1.06385
$USDAUD       0.012422   0.99%    1.265398

Name       Chg     % Chg     Last
DJUK       3.41   1.71%    202.80
Nikkei 225   EOD       -483.75   -4.12%    11259.86
HSENG   EOD       135.53   0.76%    18016.21
CAC 40       78.62   1.99%    4032.10
Straits       N/A   N/A   N/A

Posted by BrockTownsend  on  09/30  at  10:32 AM

Hopefully all those Countrywide, Bear Sterns, FM/FM execs will be joining the Enron clowns in the slammer. Those guys walked away with insane golden parachutes after destroying their companies. They need to burn for that.

Posted by  on  09/30  at  11:04 AM

Brock has it right.  A 7% drop is nothing, and it’s half back today.  The idiots in Washington taking two days off may actually save the economy.  If, by the time they get back, the Dow is at or above the previous level (and I’m giving even odds it will be), how will they scream for a bailout?  A bailout from…what, exactly?
Then we can get down to real business: the business of ferreting out those in Washington responsible for this—because this is a Washington problem, not a Wall Street problem—and holding their feet to the fire.

Posted by  on  09/30  at  02:29 PM

(H.R. 2755: Federal Reserve Board Abolition Act, June 15, 2007.
http://tinyurl.com/2h5ggq

Posted by BrockTownsend  on  09/30  at  02:35 PM

“This country has come to feel the same when Congress is in session as when the baby gets hold of a hammer.”

Will Rogers

Posted by BrockTownsend  on  09/30  at  02:45 PM

Will Rogers also said:
“No one is safe while congress is in session.”

He was right.

Posted by  on  09/30  at  03:47 PM

“No one is safe while congress is in session.”

Actually, that was the quote I looked for, but only found the other one, which I didn’t know about.

Posted by BrockTownsend  on  09/30  at  04:13 PM

“A good politician is quite as unthinkable as an honest burglar.”
H. L. Mencken

Another great quote guy

Posted by  on  09/30  at  04:48 PM
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