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My feeling is that the gold & currency markets are predicting that the bill will not pass.

Yes; plus, the bailout means monetization of more debt, and more firing up of the PRINTING presses.

So, you're expecting that the market will rally at some point today, yes?

Except for gold, not doing so well; but I'm glad that I have put protection. Do you see a correlation between the failure of the bailout and the strength of the dollar? As in, bailout resistance seems to be strengthening the dollar? If that correlation is real, then the market is betting...

Nice! I'll do it! I think that I'll make money buying those illiquid securities at high prices!

Good for whom sir?

inspiration: Hegel

I agree with you 100%, but I'm also ready to be surprised at any time. Just like there's no sure thing in trading, there's no sure thing period. Sometimes people go on being ignorant and lazy for decades, and then just <i>one thing</i> will set them off, and they say "we're not laying down for...

They stopped being subtle approx. around the time of 9/11. What amazes me is not their lack of subtlety, but americans' willingness to look the other way while getting fucked. I guess at some point they said "subtlety takes too long, and americans are too lazy to do anything about it".

Revolution. Lesser offenses than this caused the American Revolution.

Exactly - these are not stupid people we're talking about. I would see it as an intentional theft before I saw it as a "blunder". I mean, if they were that incompetent, they would sometimes make mistakes in YOUR favor, wouldn't they?

That's the thing: on CNBC they talk as if it's a foregone conclusion that the bailout plan will "save the economy" - as if the plan will save us from recession. In their arguments, it's like "oh, you want the economy to fail so you can punish some rich wall street people?" It's complete...

I have been thinking that for years. How DO you do, by the way? I tried to get transferred there, but not many jobs. Would you care to give advice? If not, I understand.

I am jack's raging bile duct.

No, I actually don't assume that they have integrity - I assume that, on the whole, they do what is most profitable to them - whatever that might be at the moment.

CNBC WILL NOT STOP TALKING ABOUT THE BAILOUT. They bitch at anyone who's against it, and they've been talking about it nonstop since I woke up. They haven't left it alone for 5 consecutive minutes.

I choose the latter too (the choice being (a) letting the guilty go free or (b) punishing the innocent along with the guilty), but it's not just about the satisfaction of "punishing" those perceived to be guilty - also consider that a major recession/depression/downturn or whatever term you want...

Holy shit, that's a good idea. Is that only for futures accounts?

People are not taught, nor do they do anything to teach themselves. In a true capitalist society, they would learn or fail. In a socialist society, they get floated.

I agree that people - and most of Congress - are clueless on economics and markets. And also that joe 6pack opposed the bailout for reasons of his own that are probably too stupid to discuss. I also agree that the ramifications will suck. But I don't believe I've ever seen people actually make...