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Those "TRILLIONS" in assets were artificially created by a spending bubble that was fuelled by home equity lines and credit cards. On the corporate side this mess was piled on by massive over-leverage. This thing HAD to come crashing down regardless of which socialist/quasi-socialist was...

I'm not defending these clowns, but there is plenty of blame to go around for this one. Bush and company were trying to play hot potato and hoping to pass this mess to the next guy, as is ALWAYS the case with politicians. The bomb dropped a few months too soon, though.

The market is going to do what it want to do, with or without this stupid transfer of money from the tax payer, to poorly run banks. Also, wasn't the intended goal for this so-called "plan" to get the credit markets moving again? That is an entirely different animal than getting the market...

Damn, if you are just now selling, you've already missed the boat.

I'm kind of hoping so. Dow 8,000 would make for the buying opportunity of a lifetime.

It's not very often that I literally laugh out loud from the internet, but this post did it to me.

That's a fact!

In trading you're working for yourself, so you will be judging your own performance on a day-to-day or hour-to-hour basis. There will be no hiding bad results.

Probably right. If Joe consumer hits his pain threshold, it's probably right around the bottom.

Exactly!

They probably were trying to save off the recession until after the election. Obviously it was like trying to take down a grizzly with a bb gun.

Maybe because over the long term, most stocks rise.

There almost has to be blood in the streets. We've (US consumer) been on a radical spending spree for the past 25+ years. When we ran out of money, we borrowed from CC's and home equity lines. Now the rubberband (spending) doesn't have any more room to expand. It's time for a snap back and...

Ya, except every day is already a "depression" for 85% of the people that live in the middle east and china.

Commodities are heading south. I really, actually believe that inflation is moderating and a cut is in our best interest. I'm starting to think that Ben has had it right all along.

I didn't say anything about Bush, and I agree, that he is a quasi-socialist and a spender, which is exactly what Barack will be. You think giving "free healthcare" and making "college more affordable" won't increase borrowing/inflation? I will certainly put my money where my mouth is, by...

I was suprised by Tancredo's vote too. Sucks, but you're not going to get ANYTHING more conservative than him. I would give him a pass, on that one, as you know that only Ron Paul himself, would be more fiscally conservative.

I would have to guess deflation. Oil/ag is easily explained due to a global slowdown. Right now bonds/notes and the dollar seem to be the only thing not coming down. That points to deflation, IMO.

Exactly. They can't make it work on a state level, so 65% of these idiots will vote for Barack to try to implement the same bullshit on a federal level.

Fuck California. When you decide that you need to provide "free everything", that's what happens. You run out of money. Fuck that. I'm fed up with this shit! Where is Ron Paul.