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Dow fell almost 90% during a 3-year decline and took almost 25 years to recover. I think it's safe to say the current economic climate isn't quite that bad and the jury is still out on whether our grandchildren will think back on 2007 as the start of THE Great Depression.

So far I'm not happy with the stimulus bill, and I'm annoyed that Obama played Bush's trump card, the fear card, and told the country the Senators will cause a catastrophe if they don't rush this bill to his desk.

There you go. However it works out, he told you so. He's the most brilliant mind on Wall St.

:D That sounds about right.

He is a world class ass clown and deserves prison time for his failed attempts at manipulating stock prices and for the nearly nonstop flow of misinformation he delivers to his unsophisticated audience. Why any author would quote him is beyond me, unless it was to highlight his antics and...

Apparently, pretty damn hard. http://timothysykes.com/wp-content/themes/timothysykes/img/paulson-comp-letter.pdf

No, there's no way a vote will happen tonight. I don't think a weekend session is going to get it done either. Should be an interesting Monday.

It looks like they're still arguing about the bill to me. I haven't seen one happy republican, or independent, yet. Hell, a lot of democrats aren't happy. Are they really going to vote on this thing tonight?

Confidence in the system = wealth for those invested in the system. (Warning: very basic info :D) When people say 30 trillion in value "vanished," it's just paper value. Your house was worth $600K because someone had confidence that they could buy and sell it for the same amount or, ideally...

I was bearish at $90. It sure is hanging in there, though. Tech in general is hanging in there. But I'd be nervous as hell going long at $100. Probably safer just putting on straddle, because it's going somewhere the next few weeks, that's for sure.

I'm not old enough to remember '74-'75, but this one feels like the Asian financial crisis, Russian debt default, the tech bubble and Enron all rolled up into one. As a matter of fact, it's probably exactly that since each financial crisis rolled over to the next.

The economy is still a mess—no improvement until Q4 or, more likely, 2010. The market needs to retest the lows to confirm 750 was indeed a bottom. If we hit 900 next week, it will probably whiplash back and do just that.

It sounds like a policy that was put in place to limit the number of pump and dump posts. I've seen bulletin boards where, on a bad day, every third post was a lame attempt at pumping and dumping.

We lost almost 600K jobs today, and the market rallies in response (on top of yesterday's rally). The way I look at it, in current market conditions, the bigger the rally, the bigger the fall. If the SPX gains another 5% This Monday and Tuesday, watch out below. It will rubber band its way...

Oh, plenty complained then, complained now and will keep complaining, all the while not really grasping the economics behind the benefits of cheap labor. I'm against illegal immigration, but not for the same reason as some of the junior economists on this board.

Yeah, no kidding. This is it? This is what all the doom and gloomers are whining about? A bunch of artificial wealth has deflated, and we as a nation are going to tighten our belts, crack down on the fraud and hopefully learn a lesson or two from this. God, it's awful.

I'm pretty sure I put him on ignore after his 4th or 5th post. What's taking the rest of you guys so long? Half of ET probably has him on ignore by now.

Exactly. Inflation here would help our debt situation tremendously.

Yes, I'm aware of the economics behind inflation, but right now and for the near future we are deflationary. It will probably change, but if any country in the world is able to side step hyper inflation, it's the U.S.

You don't really think the government is going to allow BAC to go to zero, do you? I don't see any easy money swing trading this stock, but your mileage will vary of course.