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10/3/08

Stocks Tumble After Bailout Passes

But AP said stocks were rising ahead of the vote, and that "Wall Street was pleased by the bill's passage".

Gee. Why did they suddenly fall 300 500 pts, lower than the day started at the exact moment the bill passed the House? Well they are "off highs" because they had been "anxious for resolution on the government's plan," says Associated Press.

BS. AP keeps tooting the line that the bailout's first defeat caused a record slide. What about now? Could it be any vote on any bailout regardless is bad news?

UPDATE: And it keeps falling. 200 more pts.

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