Bleeding Red: Dow Dives 778 on Rescue Vote

Fox News ^ | 9/29/08 | Matt Egan

[P.O.E.]

Market took a nice uptick today - still not sure of underlying fundamentals in the near term.

[tallyhoe]

I know I don’t necessarily support the Bailout. We neet the Mark to Market and Capital Gains to 0% for 6 to 8 months that will straiten out the market!

[DRey]

"We neet the Mark to Market and Capital Gains to 0% for 6 to 8 months that will straiten out the market!"

That's supposedly in the senate bill -- both of those -- but with a $700 billion bailout.

[penelopesire]

Yes it did. Probably folks snatching up bargain basement stocks.

From what I was hearing tonight on Fox, the Senate ‘has added things the Conservatives in the House would have a hard time voting against’...so it sounds promising that it has improved drastically and will not propel this country into full blown socialism......yet. Rumors are that the mark to market accounting will be included, as well as some capital gains incentives.

My big fear now is that if Clinton/Kerry had anything to do with it....all of the ACORN et al socialistic ‘goodies’ have been put back in too. The Senate Republicans need to be prepared for it to be hidden in the bill too or any number of ‘procedural’ landmines set out by the dems.

No doubt, many Conservative prayers are being said tonight.

I still hate to see it pass period and believe that the market, with some of the conservative guidelines like Newt’s proposals, could sort it out without billions of taxpayer dollars on the line....but what do I know?
(shrug)

Thanks for your post.

[tallyhoe]

No no bailout. Zip Nada!