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Bailout bill passes House 263/171
10-03-2008, 11:27 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
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Bailout bill passes House 263/171
The second time was the charm/curse. Now what?
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Numbers is hard
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10-03-2008, 11:28 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Location: North Oregon Coast
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Run to Walgreens and buy some Vaseline?
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-03-2008, 11:31 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
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well, there goes the 15% income tax bracket. 
or the money printing presses will be cranked up. 
actually, i have no idea. i just needed a quick rant opportunity. 
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"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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10-03-2008, 11:34 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
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And here come the sellers, right on cue...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-03-2008, 11:36 AM
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#5
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Dryer sheet aficionado
Join Date: Jul 2008
Posts: 49
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so why isn't it up more? :confused:
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10-03-2008, 11:37 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Buy on the rumor, sell on the news...
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Numbers is hard
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10-03-2008, 11:50 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Will Bush sign it?
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-03-2008, 11:50 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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we'll see by the end of the day, but looking at the daily and 5 day chart it looked like some technical sell programs probably got tripped or day traders sold off because some technical signals said sell
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10-03-2008, 11:51 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
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 Quote:
Originally Posted by Want2retire
Will Bush sign it?
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Absolutely. He'll sign it today if they get it to him in time.
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Numbers is hard
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10-03-2008, 11:52 AM
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#10
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 222
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Great! Now all of our problems are solved! The stock market will only go up from here, right?
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10-03-2008, 11:58 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
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If it puts us back into 2003-2006 bull market days, that would make me very happy. Now we will found out whether or not we were being sold a bill of goods, and if so, how greatly we were duped. 
When I was little, sometimes my big brothers would tie me to a chair, dance around me, and play that they were Indians burning me at the stake. (I am not quite sure how Joan of Arc got entangled into their cowboy-and-Indian play.) Anyway, somehow the feeling here is eerily similar... total lack of control or any say in the matter.
Just waiting and watching.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-03-2008, 12:11 PM
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#12
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by REWahoo
The second time was the charm/curse. Now what?
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Warren Buffett's going to lead both houses of Congress in a rousing rendition of "Happy Days Are Here Again"...
... and all the campaigning senators (and governors) are going to proclaim that the bailout package only passed on their personal intervention.
In a seemingly unrelated coincidence, today I'm going to listen to a medical startup company give a presentation on how to treat heart attacks and coronary blockages.
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10-03-2008, 12:35 PM
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#13
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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I'm not looking for the market to go up on this. Well, not today anyway. Wasn't the whole reason for the...bailout, rescue...whatever we're calling it now, wasn't the whole reason for it to stave off economic disaster? I'm thinking I want to see how well the credit markets react before I go all crazy and start buying stuff.
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There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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10-03-2008, 12:38 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
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A great example of how the media pretends there's a reason for the ups and downs of the stock market:
CBSNews.com headline:
Stock chart:
stockchart.jpg
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Al
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10-03-2008, 12:57 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Location: North Oregon Coast
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Quote:
Originally Posted by TromboneAl
A great example of how the media pretends there's a reason for the ups and downs of the stock market
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Note to the readers that the bill's passage is right where the cliff begins to drop straight down on the above chart.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-03-2008, 01:55 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
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Good thing they passed this sucker and stabilized Wall Street. The Dow could have dropped 400 points in less than three hours without the bailout package; it's been quite good at doing that without any help lately...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-03-2008, 02:00 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Makes you wonder what the Dow would have done had the bill failed. Let's see, last time that happened it dropped 778 points. This time it might have climbed back to 14,000, the markets being rational... 
__________________
Numbers is hard
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10-03-2008, 02:04 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by Want2retire
When I was little, sometimes my big brothers would tie me to a chair, dance around me, and play that they were Indians burning me at the stake. (I am not quite sure how Joan of Arc got entangled into their cowboy-and-Indian play.) Anyway, somehow the feeling here is eerily similar... total lack of control or any say in the matter.
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Hey, at least you got to play. 
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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10-03-2008, 02:09 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
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Location: New Orleans
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That's true! And with the bail-out, at least I get to watch. They could have done all of this behind our backs, claiming national security interests, I suppose.
Quote:
Originally Posted by Nords
Warren Buffett's going to lead both houses of Congress in a rousing rendition of "Happy Days Are Here Again"...
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I can hardly wait to join in the festitivities.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-03-2008, 02:12 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
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Am I right in assuming that the $2,300/person doesn't apply to me? That is, for the next 4-5 years I'll be paying little or no taxes, and after that, they should be pretty low.
__________________
Al
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