Congress rejects rescue Bill

LongTermLurker

the gavel's dropped - it's a NO

dunstonh

Dow dropped another 3% on the close of the vote again but have picked up again. Its a roller coaster ride at the moment.

Lokolo

dunstonh wrote: »

Dow dropped another 3% on the close of the vote again but have picked up again. Its a roller coaster ride at the moment.

I don't like rollercoasters

drc

So, what happens if it doesn't get through at all:eek:? What is plan B?

m_c_s

Republicans playing election politics!

Stavros_3

There will be frantic negotiations, I suspect another amended bill will be put to congress in the next few days. A bit like our Anti-terror bill bouncing back and forth untill all party agreement or a majority in favour. Who'd be a stockbroker in the states right now Sell Sell Sell !!!!!!!

aHullKingstonRover

Bloomberg has the latest coverage:

http://www.bloomberg.com/tvradio/tv/europe/tv_index_europe.html

swiss69

FTSE will open down around 250 - 300 in my opinion - Time to fill your boots. This will get sorted one way or another and when it does, things will pick up slowly but surely and all the short sellers will be closing their positions.

dunstonh

We taking odds on the drop on FTSE. my guess....4300-4500 until bail out goes through when it will climb back through 5000 again.

Doomcow

ruh roh!!!