
10-01-2008, 02:39 PM
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Registered User
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Join Date: Feb 2003
Location: Maryland
Posts: 541,353
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dicksbro,
It is interesting to watch the various markets change and twitch as a spending bill this large moves through the Congress.
I also noticed the fall in the DJI as well as the oil price when the bailout legislation (now being referred to as crisis legislation) failed to pass in the House. Now that a revised draft of the legislation is scheduled to be voted on in the kindlier Senate, where passage is more likely, both the DJI and oil prices have ticked up a bit.
Just goes to show how carefully government market interventions must be to avoid inadvertently creating new problems when correcting old ones.
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Eudaimonia
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